Core Insights - In April 2021, the China Securities Investment Fund Association reported that a total of 101 enterprise asset securitization products were registered, with a new registration scale of 119.592 billion yuan [1] Summary by Categories Registration Situation - In April, the newly registered scale of debt-based products was 113.947 billion yuan, while the scale for operational income products was 5.645 billion yuan, with no new registrations for REITs or other categories [1] - Among the newly registered products, accounts receivable, commercial mortgage-backed securities (CMBS), financing lease receivables, and small loan receivables accounted for 87.59% of the total new registration scale [1] Existing Products - As of the end of April 2021, there were 2,180 existing enterprise asset securitization products with a total scale of 2.12 trillion yuan [1] - The existing scale of accounts receivable, small loan receivables, commercial mortgage-backed securities (CMBS), financing lease receivables, REITs, and infrastructure-related fees accounted for 86.25% of the total existing scale, totaling 1.83 trillion yuan [1] - Other categories, including housing purchase tail payments, affordable housing, and trust beneficiary rights, had an existing scale of 291.285 billion yuan, representing 13.75% of the total existing scale [1] - The distribution and proportion of existing asset types did not show significant changes compared to the previous month [1]