华鑫—鑫欣—数据资产1—5期资产支持专项计划

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全国首单获批的数据资产证券化项目在深圳证交所发行 企业“数据家底”变为流动资金
Shen Zhen Shang Bao· 2025-07-31 23:26
Core Viewpoint - The successful issuance of the first data asset securitization project in China marks a significant milestone in recognizing data as a new asset class and facilitates the transformation of data resources into capital [1][2]. Group 1: Project Details - The first phase of the "Huaxin-Xinxin-Data Asset 1-5 Phase Asset-Backed Special Plan" was officially issued on July 31, with a scale of 133.7 million yuan and a priority ticket interest rate of 2.0% [1]. - The project involves nine participating enterprises from Jiangsu, Zhejiang, Shaanxi, and Jiangxi provinces, including listed companies and private enterprises, showcasing a diverse range of ownership structures [1]. Group 2: Innovation Mechanism - The project employs an innovative mechanism that allows multiple data assets to be pledged for loans, demonstrating the feasibility of using data assets as collateral for financing [2]. - This model breaks the traditional reliance on physical assets for financing, providing new funding pathways for asset-light data companies [2]. Group 3: Market Impact - Following the approval of this project, there has been an acceleration in financial innovation related to data assets, with other similar projects successfully launched within three months [3]. - The impact of data asset securitization is expected to extend across multiple sectors, promoting the establishment of a unified national data market [3].
解锁数据如何从资源化到证券化
Jin Rong Shi Bao· 2025-04-23 03:10
为何没有先例?其难在何处? 数据资产证券化主要面临三大核心挑战:数据确权难、价值评估难和合规风控难。 有市场分析认为,在确权方面,数据来源多样且权利关系复杂,涉及个人、企业等多主体,同时,相关 法律法规不完善,导致数据确权困难,难以明确界定数据的所有权与使用权。在评估方面,数据质量不 一,缺乏成熟评估方法,且数据价值受稀缺性、市场需求等多种因素影响,难以准确量化,使得价值评 估存在难度。在风控方面,数据在存储、传输等环节安全风险高,加上证券化业务流程较为复杂,参与 方众多,导致合规风控难度加大。 数据要素的资本化实践,正在春天孕育萌发。4月14日,由南京鑫欣商业保理有限公司(以下简称"鑫欣 保理")作为发行人、华鑫证券有限责任公司(以下简称"华鑫证券")作为管理人和销售机构申报的"华 鑫—鑫欣—数据资产1—5期资产支持专项计划"(以下简称"数据资产专项计划")正式取得深圳证券交 易所无异议函,总规模为5亿元。 小小的数据,也有融资的价值。作为一个全新的ABS品类,这一次由"0"到"1"的突破,开创了数据资产 作为独立基础资产在资本市场融资的先河,为数据要素在资本市场实现价值转化带来更多的可能性。 数据资产证券 ...