Taikang Assets was officially approved to carry out asset securitization (ABS) business

On October 13, the CSRC officially approved five insurance asset management companies to participate in the asset securitization (ABS) business, and Taikang Assets became one of the first insurance asset management companies to obtain the qualification of ABS manager of the Exchange.

Before the approval of the ABS business of the Exchange, the insurance asset management company mainly carried out the asset support plan business through China Baodeng. Since this year, the business scale of the asset support plan registered by China Insurance Depository has reached nearly 200 billion yuan, becoming an important investment product for insurance funds, bank financing funds, securities companies and finance companies. Taikang Assets is an important participant in the product issuance and investment of the asset support plan. The registered asset support plan exceeds 30 billion yuan, and the stock investment exceeds 15 billion yuan.

Duan Guosheng, CEO of Taikang Assets, said, "The CSRC's approval of the first batch of insurance asset management companies to carry out ABS business is of great significance for further activating the capital market and promoting financial services for the real economy. This is conducive to meeting the diversified allocation needs of insurance funds, thus increasing the level of investment returns; At the same time, ABS is expected to achieve linkage with public REITs, effectively activate infrastructure equity projects invested by insurance funds, and further enrich the channels for insurance funds to serve the real economy. In the future, the company will actively link with insurance funds, enterprise annuities, bank financing and other institutional funds, create appropriate ABS products in terms of term, yield, product form, etc., continue to give play to its own investment and operational advantages, and help the high-quality development of China's real economy. "

For a long time, Taikang Assets has always been at the forefront of innovation in alternative investment and actively explored new investment channels. At the beginning of the establishment of Taikang Assets in 2006, an alternative investment management department - Infrastructure Investment Department was established, which is mainly responsible for infrastructure investment plans, real estate investment plans, project asset support plans and other related product issuance work with infrastructure and real estate as basic assets; In 2011, in order to strengthen the functions of professional platforms and improve the efficiency of alternative investment, the Infrastructure Investment Department was renamed the Infrastructure and Real Estate Investment Center. Subsequently, the company has successively participated in many major projects involving the national economy and the people's livelihood: issued the "Taikang Kaitai Railway Creditor's Rights Plan" of 10 billion yuan, which is the first infrastructure creditor's rights plan in the industry; Jointly launched the "Beijing Shanghai High speed Railway Equity Investment Plan" with several insurance institutions, raising 16 billion yuan; Lead 36 billion yuan of insurance funds to invest in the PetroChina pipeline to help the West East gas transmission. In terms of the issuance of alternative products, the cumulative scale of various products issued exceeded 500 billion yuan, and the scale of various products issued over the years ranked first in the market.

Taikang Asset's years of experience in issuing alternative products has accumulated rich experience for the company to carry out asset securitization (ABS) issuance business. The company has accumulated profound understanding in transportation, energy, logistics, consumer infrastructure, new infrastructure and many other industries, and has formed a full chain, systematic research and investment capability covering the evaluation system of basic assets, valuation model, partner evaluation system, post management and other aspects, laying a good foundation for the company to issue equity based ABS products. In addition, the outstanding credit rating ability of the company and its deep understanding of the allocation needs and preferences of insurance funds and annuity funds over the years will also help the company to carry out its ABS business in the future.

key word: assets investment capital infrastructure