中国基金业协会最新发布的数据显示，2025年10月，资产支持专项计划（ABS）新增备案130只， 新增备案规模合计1338.60亿元。 截至2025年10月底，ABS存续2596只，存续规模22373.77亿元。其中基础设施公募REITs所投ABS 存续84只，规模2051.95亿元。此外，基础资产为应收账款、不动产持有型ABS、商业不动产抵押贷款 （CMBS）、融资租赁债权、小额贷款债权的ABS存续规模合计17621.94亿元，占总存续规模的 78.76%。（记者刘羽佳） 其中，基础设施公募REITs所投ABS备案2只，规模26.82亿元。新增备案规模前三的ABS基础资产 分别为：小额贷款债权、融资租赁债权和应收账款，备案规模分别为329.23亿元、258.17亿元和229.69 亿元。 ...

Core Insights - The China Securities Investment Fund Industry Association (CSRC) reported that as of October 2025, there were 130 new asset-backed securities (ABS) registered, with a total registration scale of 133.86 billion yuan [1] - The top three ABS underlying assets in terms of registration scale were micro-loan receivables (32.92 billion yuan), financing lease receivables (25.82 billion yuan), and accounts receivable (22.97 billion yuan) [1] - As of the end of October 2025, there were 2,596 ABS in existence, totaling 2,237.377 billion yuan, with infrastructure public REITs accounting for 84 of these, amounting to 205.195 billion yuan [1] Summary by Category New Registrations - In October 2025, 130 new ABS were registered, with a total scale of 133.86 billion yuan [1] - Infrastructure public REITs contributed 2 new ABS registrations, totaling 2.682 billion yuan [1] Existing ABS - As of October 2025, there were 2,596 ABS in existence, with a total scale of 2,237.377 billion yuan [1] - Infrastructure public REITs accounted for 84 existing ABS, with a total scale of 205.195 billion yuan [1] - The combined scale of ABS with underlying assets such as accounts receivable, real estate holding ABS, CMBS, financing lease receivables, and micro-loan receivables was 17,621.94 billion yuan, representing 78.76% of the total existing scale [1]

Core Insights - In October 2025, the China Securities Investment Fund Industry Association reported that 130 new asset-backed special plans (ABS) were registered, with a total registration scale of 133.86 billion yuan [1] - The top three ABS underlying assets by registration scale were micro-loan receivables, financing lease receivables, and accounts receivable, with scales of 32.92 billion yuan, 25.82 billion yuan, and 22.97 billion yuan respectively [1] Summary by Category New Registrations - A total of 130 new ABS were registered in October 2025, amounting to 133.86 billion yuan [1] - Among these, two ABS related to public REITs in infrastructure were registered, totaling 2.68 billion yuan [1] Existing ABS - As of the end of October 2025, there were 2,596 existing ABS with a total scale of 2,237.38 billion yuan [1] - The existing ABS related to public REITs in infrastructure numbered 84, with a scale of 205.20 billion yuan [1] Asset Composition - The existing ABS with underlying assets of accounts receivable, real estate holding ABS, CMBS, financing lease receivables, and micro-loan receivables had a combined scale of 1,762.19 billion yuan, accounting for 78.76% of the total existing scale [1] - The remaining ABS with other underlying assets had a scale of 269.99 billion yuan, representing 12.07% of the total existing scale [1]

Group 1 - In October 2025, the China Securities Investment Fund Industry Association reported the registration of 130 new Asset-Backed Securities (ABS) with a total scale of 133.86 billion yuan [1] - The top three ABS underlying assets by registration scale were micro-loan debt rights (32.92 billion yuan), financing lease debt rights (25.82 billion yuan), and accounts receivable (22.97 billion yuan) [1] - The total number of existing ABS reached 2,596 with a cumulative scale of 2,237.38 billion yuan by the end of October 2025 [4] Group 2 - Among the existing ABS, 84 were related to infrastructure public REITs, with a total scale of 205.20 billion yuan [4] - ABS with underlying assets of accounts receivable, real estate holding, CMBS, financing lease debt rights, and micro-loan debt rights accounted for 78.76% of the total existing scale [4] - The remaining ABS with other underlying assets had a total scale of 269.99 billion yuan, representing 12.07% of the total existing scale [4]

Group 1 - The core point of the article is that in September 2025, the China Securities Investment Fund Association reported that 108 new asset-backed special plans (ABS) were registered, with a total registration scale of 96.455 billion yuan [1] - Among the newly registered ABS, two were related to public REITs invested in infrastructure, amounting to 5.767 billion yuan [1] - The top three ABS underlying assets by registration scale were accounts receivable (27.495 billion yuan), micro-loan debts (23.714 billion yuan), and financing lease debts (18.462 billion yuan) [1]

Core Insights - The China Securities Investment Fund Association (CSRC) reported that in September 2025, 108 new asset-backed securities (ABS) were registered, with a total registration scale of 96.455 billion yuan [1] - The top three ABS underlying assets for new registrations were accounts receivable, micro-loan debts, and financing lease debts, with registration scales of 27.495 billion yuan, 23.714 billion yuan, and 18.462 billion yuan respectively [1] Registration Situation - As of the end of September 2025, there were 2,560 ABS in existence, totaling 218.2504 billion yuan [2] - Among these, 82 ABS related to infrastructure public REITs had a total scale of 20.2514 billion yuan [2] - The combined scale of ABS with underlying assets such as accounts receivable, real estate holding ABS, CMBS, financing lease debts, and micro-loan debts was 172.4202 billion yuan, accounting for 79.00% of the total existing scale [2] Additional Information - The total existing scale of ABS with other underlying assets was 25.5788 billion yuan, representing 11.72% of the total existing scale [4]

Core Insights - The China Fund Industry Association reported that as of August 2025, there are 2,573 active Asset-Backed Securities (ABS) plans with a total outstanding scale of 21,891.65 billion yuan [1] - Among these, public REITs invested in infrastructure have 80 active ABS plans, amounting to 1,968.53 billion yuan [1] - The outstanding scale of ABS backed by accounts receivable, real estate holding, commercial mortgage-backed securities (CMBS), financing lease rights, and micro-loan rights totals 17,299.04 billion yuan, accounting for 79.02% of the total outstanding scale [1]

Group 1 - The core viewpoint of the article highlights that in August 2025, the China Fund Industry Association reported the registration of 99 new Asset-Backed Securities (ABS) plans, with a total registration scale of 87.592 billion yuan [1] - Among the newly registered ABS, one was related to public REITs for infrastructure, with a scale of 1.723 billion yuan [1] Group 2 - The top three ABS underlying assets by registration scale were accounts receivable, micro-loan debts, and financing lease debts, with registration scales of 25.089 billion yuan, 21.301 billion yuan, and 18.973 billion yuan respectively [4]

Core Insights - In August 2025, the China Securities Investment Fund Industry Association reported the registration of 99 new Asset-Backed Securities (ABS) plans, with a total registration scale of 875.92 billion yuan [1] - The newly registered ABS primarily consisted of accounts receivable, small loan claims, and financing lease claims, with registration scales of 250.89 billion yuan, 213.01 billion yuan, and 189.73 billion yuan respectively [1] - As of the end of August 2025, there were 2,573 ABS in existence, totaling 21,891.65 billion yuan, with 80 of these being infrastructure public REITs, amounting to 1,968.53 billion yuan [1] Registration Overview - In August 2025, one ABS related to infrastructure public REITs was registered, with a scale of 17.23 billion yuan [1] - The top three ABS asset types by registration scale were accounts receivable, small loan claims, and financing lease claims, contributing significantly to the overall ABS market [1] Market Composition - The existing ABS with accounts receivable, real estate holding ABS, CMBS, financing lease claims, and small loan claims accounted for a total scale of 17,299.04 billion yuan, representing 79.02% of the total existing ABS scale [1] - The remaining ABS, consisting of other asset types, had a total scale of 2,624.07 billion yuan, which accounted for 11.99% of the total existing ABS scale [1]

Group 1 - In August 2025, a total of 99 new asset-backed special plans (ABS) were registered, with a combined scale of 875.92 billion yuan [1] - The top three ABS underlying assets by registration scale were accounts receivable (250.89 billion yuan), micro-loan receivables (213.01 billion yuan), and financing lease receivables (189.73 billion yuan) [1] Group 2 - As of the end of August 2025, there were 2,573 active ABS with a total scale of 21,891.65 billion yuan [2] - Among these, 80 ABS related to infrastructure public REITs had a total scale of 1,968.53 billion yuan [2] - The total scale of ABS with underlying assets such as accounts receivable, real estate holding ABS, CMBS, financing lease receivables, and micro-loan receivables accounted for 79.02% of the total active scale, amounting to 17,299.04 billion yuan [4]