Recently, under the guidance of the Shanghai Stock Exchange, the asset company of Chinese Life Group, as the general coordinator and the largest investor, formulated product plans and investedAbout 14200 million yuanABS project of holding real estate".Huatai-Zhongjiao Road Jianqing West Bridge Holding Real Estate Asset-Backed Special Plan"The successful implementation provides a feasible path and successful example for the issuance of long-term ABS for high-quality infrastructure assets, and strongly demonstrates the company's role by giving full play to the advantages of the scale and term of insurance funds, and carrying out beneficial explorations in information disclosure, governance and operation mechanism settings, investment and financing, and primary and secondary market linkage."Head goose"Excellent investment strength and industry leading position, with hard work and practical results to start the "first shot", with an enterprising attitude to lead the market.
Special plan for holding real estate
Special plan for holding real estateIt is a highly innovative ABS product, and the target project is China Communications Construction Co., Ltd. (hereinafter referred to as "China Communications Construction Co., Ltd.").China Communications ConstructionThe Qingxi Bridge project is currently operating well. The underlying cash flow of the product is all in the operating income of the Qingxi Bridge and wiring project, which has been realized, and the asset revitalization can help the enterprise improve operational efficiency and optimize the asset-liability structure. At the same time, the product term matches the operating life of the underlying assets, up to 21 years, and the long-term ABS products are highly consistent with the characteristics of large scale and long term of insurance funds, which broadens the channels for the allocation of insurance funds, which is a powerful measure for Chinese Life Asset Company to enhance its competitiveness in promoting high-quality development, adhere to seeking progress in stability, and promote stability.
*The Financial Work Conference emphasized that promoting the high-quality development of China's financial sector will provide strong support for comprehensively promoting the construction of a strong country and the great cause of national rejuvenation with Chinese-style modernization. In order to implement the spirit of the ** Financial Work Conference, Chinese Life Asset Company focuses on ".The Great One of the NationsAfter the first batch of insurance asset management companies to obtain the qualification of exchange asset-based business and the first to obtain the approval of the Shanghai and Shenzhen stock exchanges, we actively participated in promoting the progress of the innovative project, supported the revitalization of social stock assets, broadened the financing channels of enterprises in the transportation industry, and activated new momentum for high-quality development.
In the stage of rapid macroeconomic growth in China, large-scale stock assets have been formed in the infrastructure sector. Exploring and carrying out the first-class business of stock assets can not only bring cash assets to related enterprises, improve capital turnover, reduce their own leverage ratio, and promote the use of first-class funds to form new good development, which is also of great significance for insurance funds to find innovative investment opportunities and improve the quality and efficiency of serving the real economy. In May 2022, since the General Office issued the Opinions on Further Revitalizing Stock Assets and Expanding Effective Investment (Guo Ban Fa No. 19, 2022), Chinese Life Asset Company has actively studied effective methods and paths to revitalize stock assets, and comprehensively used a variety of financial tools to achieve investment landing. This time, under the guidance of the Shanghai Stock Exchange, the company and China Communications Construction designed the product plan, relying on the underlying assets to create an incentive and restraint mechanism for the operation and management institutions, and actively linked the two ends of investment and financing to form a community of interests of the original equity holders, managers and investors. The ABS product manager is Huatai Asset Management, which acts as a financial advisor and a market maker in the secondary market to provide support for its liquidity in the secondary market. The above many innovative explorations with positive demonstration effects fully reflect the clear direction of Chinese Life Asset Company to revitalize existing assets and support innovative development as the construction of investment and financing system, and effectively demonstrate the fundamental purpose of Chinese Life Asset Company to support the real economy and serve the national strategy.
In the next step, Chinese Life Asset Company will take the exchange ABS as an important starting point, continue to implement the major decisions and deployments, participate in financial activities to revitalize existing assets and expand effective investment in a wider range and at a deeper level, and inject a steady stream of financial water into promoting high-quality development.