资产证券化融资

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互联网型民营银行同业存单发行忙 资本补充仍迎大考
Bei Jing Shang Bao· 2025-08-07 15:14
作为主动负债管理工具,微众银行、苏商银行、新网银行、金城银行等"互联网型民营银行"年内密集发 行同业存单,间接帮助资本补充。8月7日,据北京商报记者不完全统计,上述银行同业存单发行与去年 同期相比规模多数增长,且利率有所下行。这背后,反映互联网型民营银行资产扩张的同时,以主动负 债手段积极维护资负平衡的现状。然而值得注意的是,旺盛需求下,互联网型民营银行资本补充工具不 足等问题,引发一场事关资本充足率稳定的大考,也更"鞭策"其风控能力持续提升。 规模增,利率降 8月6日,微众银行发布2025年度第54期同业存单发行公告,计划发行量为59.7亿元,期限为1个月期, 参考收益率1.52%。同日,苏商银行公告,2025年度第87期同业存单已成功发行,实际认购量1亿元, 参考收益率1.7%。 同业存单是银行主动负债和流动性管理的重要工具。8月7日,北京商报记者梳理发现,年中阶段,互联 网型民营银行同业存单密集发行。整体来看,微众银行、苏商银行、新网银行2025年至今已发行债券类 型全部为同业存单,规模上大多增长。 其中,Wind统计数据显示,截至8月7日,微众银行年内共发行53期同业存单,发行金额总计1545.2亿 ...
小额信贷公司资产证券化融资的可行性分析
Sou Hu Cai Jing· 2025-06-08 23:56
Core Viewpoint - The article discusses the current state and potential of asset securitization in China, particularly focusing on microfinance companies and their financing challenges, while suggesting innovative financing models to enhance their operations [1][9]. Group 1: Characteristics of Asset Securitization Financing - Asset securitization is an innovative financing model that lies between direct and indirect financing, reducing costs and risks for investors while allowing companies to access capital [2]. - This financing method does not alter a company's capital structure and effectively addresses the mismatch between corporate credit and financing needs [3]. Group 2: Feasibility Analysis of Asset Securitization Financing - Legal aspects indicate that the removal of administrative licensing for asset securitization by the Securities Commission has facilitated the process, provided that core assets meet specific quality standards [5]. - The threshold for microfinance companies includes maintaining a low bad debt ratio, having a solid internal management system, and ensuring a diversified client base [6]. - The advantages of asset securitization for microfinance companies include improved risk control through technology and reduced transaction costs, enhancing the feasibility of financing [6][7]. Group 3: Recommendations for Asset Securitization Financing - The article suggests enhancing market openness and interaction between exchanges and the interbank bond market to improve the visibility and issuance of asset-backed securities from microfinance companies [7]. - Implementing a business system to improve liquidity in the secondary market is recommended, allowing securities firms to provide high-quality liquidity services [7]. - Encouraging the development of "quasi-securitization" financial services can attract more investors and complement the financing needs of microfinance companies [8]. Group 4: Conclusion - The article concludes that asset securitization offers a cost-effective financing solution for microfinance companies, with strategic recommendations aimed at promoting the development of financial services related to securitization [9].