Core Viewpoint - China Railway Fourth Group Co., Ltd. successfully issued 1.32 billion yuan of accounts receivable asset-backed securities (ABS) linked to low-carbon transformation, marking its debut in the Shanghai Stock Exchange and being the first low-carbon transformation ABS in Anhui Province and within the China Railway Group system [1][3] Group 1 - The issuance of ABS is a key measure for China Railway Fourth Group to implement the national green development strategy, promoting the green upgrade of traditional industries [3] - The ABS issuance process involved collaboration across departments to select key performance indicators (KPIs), set low-carbon transformation goals, design security terms, conduct due diligence, and finalize issuance documents, with "comprehensive energy consumption per ten thousand yuan of operating income" as the core KPI [3] - The company aims to leverage this issuance to continue utilizing green financing tools, becoming a comprehensive service provider across the infrastructure and ecological environmental sectors [3] Group 2 - The efficient execution of this project highlights the professional strength of Ping An Securities in the asset securitization field, emphasizing its commitment to serving the real economy and innovating green financial models [4] - Ping An Securities has consistently provided high-efficiency, valuable, and consistent services to support the green transformation of the infrastructure industry [4]