SZSE Agrees to Pilot ABS and REITs Business at Five Insurance Asset Management Companies
Recently, under the overall guidance of CSRC and the China Banking and Insurance Regulatory Commission, SZSE issued letters of no objection to the first five insurance asset management companies, namely China Life Asset Management Co., Ltd., Taikang Asset Management Co., Ltd., Pacific Asset Management Co.,Ltd., PICC Asset Management Co., Ltd. and Ping An Asset Management Co., Ltd., approving their pilot operation of asset-backed securitization (ABS) and real estate investment trusts (REITs) business.
The participation of insurance asset management companies in ABS and REITs business is an important measure to promote and synergize insurance funds and capital markets. On the one hand, high-quality infrastructure assets will have smooth access to the market. The supply of ABS and REITs products will be enriched. This will facilitate the formation of a virtuous cycle of existing assets and new investments, and further enhance the quality and efficiency of the bond market in serving the real economy. On the other hand, insurance asset management companies will give full play to their rich experience in investment, management and operation of infrastructure. As a result, a positive interaction will be fostered between capital markets and insurance funds, jointly boosting the construction of a multi-level REITs market and building a sound market ecosystem.
Next, following the principle of equal emphasis on development and standardization, and adhering to systematic thinking, market concepts and piloting, SZSE will work with relevant parties to gradually expand the participation of more high-quality entities in the ABS and REITs markets, endeavor to energize the access of high-quality assets to the market, and better serve the establishment of a new development pattern and high-quality economic development.
First, please LoginComment After ~