中国基金业协会近日发布的数据显示，截至2025年8月底，资产支持专项计划（ABS）存续2573只，存续规 模21891.65亿元。其中，基础设施公募REITs所投ABS存续80只，规模1968.53亿元。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17299.04亿元，占总存续规模的79.02%。 3.阿里巴巴表示，自9月推出以来，其地图应用高德地图的目的地排名功能已达到4亿用户；10月1日，高德 地图的日活跃用户创下3.6亿的记录。 4.快乐星球老顽童爷爷去世 据西安话剧院官方消息，表演艺术家、著名导演赵克明因病于2025年10月4日15时55分逝世，享年93岁。赵 克明，出生于1933年，山西省忻州市人。著名话剧表演艺术家，导演，一级演员。曾在话剧《西安事变》 《巍巍昆仑》中扮演蒋介石，在话剧《艰难时事》之中扮演基辛格，从1989年到1995年间，多次指导央视 1.海南：自10月6日0时起暂停2025年海南省汽车置换更新补贴政策 10月4日，省商务厅发布《关于进一步调整2025年商务领域消费品以旧换新政策有关事项的公告》。 ...

中国基金业协会近日发布的数据显示，截至2025年8月底，资产支持专项计划（ABS）存续2573只，存 续规模21891.65亿元。其中，基础设施公募REITs所投ABS存续80只，规模1968.53亿元。 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17299.04亿元，占总存续规模的79.02%。（记者 刘羽佳） ...

中国基金业协会供图 中国基金业协会最新发布的数据显示，2025年8月，资产支持专项计划（ABS）新增备案99只，新增备案规模合计875.92亿元。其中，基础设 施公募REITs所投ABS备案1只，规模17.23亿元。 此外，新增备案规模前三的ABS基础资产分别为：应收账款、小额贷款债权和融资租赁债权，备案规模分别为250.89亿元、213.01亿元和 189.73亿元。（记者刘羽佳） 【纠错】 【责任编辑:谷玥】 ...

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: ABS Market Overview - In August 2025, the Asset-Backed Securities (ABS) market saw 99 new registrations with a total 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 debts (213.01 billion yuan), and financing lease debts (189.73 billion yuan) [1] - As of the end of August 2025, there were 2,573 ABS in existence with a total scale of 21,891.65 billion yuan [1] Group 2: Securities Monitoring and Regulatory Actions - The Shenzhen Stock Exchange monitored "*ST Yushun" closely from September 22 to September 26, addressing 176 abnormal trading behaviors [2] - The exchange reported two major company events for verification and submitted two suspected illegal cases to the China Securities Regulatory Commission [2] Group 3: Silicon Material Production and Market Trends - In October, the production of polysilicon exceeded expectations, with two companies reporting a decrease while four reported an increase [3] - Inventory pressure in the polysilicon market is becoming evident, with expectations of continued accumulation unless downstream demand remains high [3] Group 4: Corporate Leadership Changes - Merck Group announced a leadership transition, with Kai Beckman set to take over as CEO from Belén Garijo on May 1, 2026 [3] - Xiamen International Bank approved the appointment of Wang Fenghui as Chief Information Officer [6] Group 5: Financial and Regulatory Developments - Baoli Tianheng's subsidiary was questioned by Yunnan's medical insurance bureau regarding the high price of a medication, which raised concerns about pricing practices [3] - Jingliang Holdings received an administrative regulatory decision from Hainan's Securities Regulatory Bureau for revenue recognition issues involving 2.99 billion yuan [8] Group 6: Corporate Transactions and Listings - Moller Thread's IPO application was approved by the Shanghai Stock Exchange, aiming to raise 8 billion yuan for various AI and chip development projects [7] - Wanxing Technology submitted an application for H-share issuance and listing on the Hong Kong Stock Exchange [9]

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]

据了解，本次ABS发行获得市场投资者踊跃认购，超额认购倍数达3.2倍，反映出市场对狮桥资产质量和风控能力的高度认可。募集资金将主要用于支持小 微物流企业和个体运输户的车辆融资需求，重点投向新能源商用车领域。 狮桥融资租赁近日在上海证券交易所成功发行2023年度第一期资产支持专项计划（ABS），发行规模为15亿元。本期ABS基础资产为狮桥融资租赁持有的租 赁债权，其中优先A档发行利率3.8%，创今年以来同期限同类产品发行利率新低。 Wind数据显示，狮桥融资租赁近年来持续通过资产证券化方式盘活存量资产，截至目前已累计发行ABS产品超过200亿元，为服务实体经济提供了稳定的资 金支持。本次成功发行也体现了资本市场对融资租赁行业服务实体经济能力的肯定。 ...

Core Insights - The total scale of asset management products in China reached 75.38 trillion yuan by the end of Q2 2025, reflecting a robust growth trend in the asset management market [1][2] Group 1: Overall Market Performance - The asset management market grew by 3.06 trillion yuan from the end of Q1 2025, representing a growth rate of approximately 4.23% [1] - The public fund scale increased from 32.22 trillion yuan at the end of Q1 to 34.39 trillion yuan at the end of Q2, marking a rise of 2.17 trillion yuan and a quarter-on-quarter growth rate of about 6.74% [2] Group 2: Breakdown of Asset Management Products - The scale of private asset management products by securities companies and their subsidiaries rose from 5.93 trillion yuan to 6.14 trillion yuan, an increase of 0.21 trillion yuan, with a quarter-on-quarter growth of approximately 3.54% [2] - The scale of private asset management products by fund management companies and their subsidiaries slightly decreased from 5.59 trillion yuan to 5.58 trillion yuan, remaining stable at a high level [2] - Pension assets managed by fund management companies grew from 6.09 trillion yuan to 6.3 trillion yuan, an increase of 0.21 trillion yuan, with a quarter-on-quarter growth rate of about 3.45% [2] - Private fund scale increased from 20.19 trillion yuan to 20.6 trillion yuan, reflecting a growth of 0.41 trillion yuan and a quarter-on-quarter increase of approximately 2.03% [2] - The scale of asset-backed special plans (ABS) rose from 2.08 trillion yuan to 2.13 trillion yuan, an increase of 0.05 trillion yuan, with a quarter-on-quarter growth rate of about 2.4% [2] - The scale of private asset management products by futures companies and their subsidiaries increased from 0.32 trillion yuan to 0.36 trillion yuan, marking a growth of 0.04 trillion yuan and a quarter-on-quarter increase of 12.5% [2]

Core Viewpoint - The total scale of asset management products in China reached 75.38 trillion yuan by the end of Q2 2025, marking an increase of 3.05 trillion yuan from the previous quarter, driven primarily by public funds [4][5][7]. Group 1: Asset Management Product Scale - As of the end of Q2 2025, the total scale of asset management products was approximately 75.38 trillion yuan, up from 72.32 trillion yuan at the end of Q1 2025, representing a growth rate of 4.22% [5][7]. - Public funds accounted for the largest share of the asset management product scale, reaching 34.39 trillion yuan, which is 45.62% of the total [7][10]. - Private funds also saw significant growth, increasing from 20.19 trillion yuan at the end of Q1 to 20.60 trillion yuan at the end of Q2, an increase of 4.07% [12][14]. Group 2: Breakdown of Asset Management Products - Public funds increased by 2.18 trillion yuan in Q2, with notable growth in money market funds and bond funds, which rose by 904.40 billion yuan and 869.93 billion yuan, respectively [10][11]. - The scale of pension funds grew from 6.09 trillion yuan to 6.30 trillion yuan, an increase of 206.41 billion yuan [14]. - Securities companies and their subsidiaries' private asset management products increased from 5.93 trillion yuan to 6.14 trillion yuan, a rise of 212.59 billion yuan [14]. Group 3: Historical Context and Market Sentiment - The total scale of asset management products was 72.85 trillion yuan at the end of last year, but it decreased by approximately 530 billion yuan in Q1 2025 before rebounding in Q2 [7][8]. - Market analysts attribute the significant growth in asset management products to the recovery of the capital market, which has boosted product net values and enhanced investor confidence [8][9].

Core Insights - The total scale of asset management products in China has rebounded, increasing by 3.05 trillion yuan in Q2 2025, reaching 75.38 trillion yuan, marking a growth rate of 4.22% compared to Q1 2025 [2][4]. Asset Management Product Scale Changes - As of the end of Q2 2025, the total scale of asset management products reached approximately 75.38 trillion yuan, up from 72.32 trillion yuan at the end of Q1 2025, with a significant increase of 3.05 trillion yuan [4]. - Public funds saw the largest growth, increasing by 2.18 trillion yuan from 32.22 trillion yuan in Q1 to 34.39 trillion yuan in Q2 [7]. Breakdown of Asset Management Products - Public funds accounted for the largest share of the total scale at 34.39 trillion yuan, representing 45.62% of the total. Private funds followed with a scale of 20.6 trillion yuan, making up 27.33% [5]. - Pension funds managed by fund companies reached 6.3 trillion yuan, while private asset management products from securities companies totaled 6.14 trillion yuan [5]. Growth in Specific Fund Types - In Q2 2025, various open-end funds experienced growth, with money market funds and bond funds increasing by 904.4 billion yuan and 869.9 billion yuan, respectively [7]. - Private equity investment funds and venture capital funds also saw increases, with private equity funds growing by 521.9 billion yuan to 11 trillion yuan, and venture capital funds increasing by 483 billion yuan to 3.45 trillion yuan [9][10]. Other Notable Changes - The scale of pension funds increased by 206.4 billion yuan from 6.09 trillion yuan in Q1 to 6.30 trillion yuan in Q2 [10]. - The scale of asset-backed special plans (ABS) rose from 2.08 trillion yuan to 2.13 trillion yuan, with a quarterly increase of 489.1 billion yuan [11].