發(fā)行情況2,710.928133.58%。分月份來看，2025年一季度，1月份發(fā)行單數(shù)最高，當(dāng)月共發(fā)行125單；3月份發(fā)行規(guī)模最高，合計發(fā)行規(guī)模為1,070.07億元。具體分布如下圖所示：圖1：2025年一季度及2024年同期企業(yè)資產(chǎn)支持證券月度發(fā)行情況（單位：億元、單）（IND（NABS0%億元，28.15%。從原始權(quán)益人分布來看，2025年一季度，中信信托有限責(zé)任公司的發(fā)行規(guī)模位居第一，其發(fā)行規(guī)模為；93.6089.8083.80億元，占比為3.09%。前五大原始權(quán)益人發(fā)行規(guī)模合計601.70億元，占比為22.20%；前十大原始權(quán)益人發(fā)行931.1934.35%2企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）圖2：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-前十大原始權(quán)益人分布（單位：億元）（IND（NABS上海379.66306.44295.96208.90207.44億7.70%1,398.4051.94%1,848.9268.67%圖3：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-前十大管理人分布（單位：億元）（IND（NABS3企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）2025ABS繼續(xù)保持絕對優(yōu)勢地位，發(fā)行規(guī)模為2,157.09億元，ABS462.14產(chǎn)品發(fā)行規(guī)模為91.70億元，同比上升295.94%，規(guī)模占比為3.38%。平均發(fā)行規(guī)16.50億元/7.93億元/單。表1：2025年一季度企業(yè)資產(chǎn)支持證券大類基礎(chǔ)資產(chǎn)發(fā)行情況單位：億元、單、億元/單資產(chǎn)類型發(fā)行規(guī)模規(guī)模占比產(chǎn)品單數(shù)平均規(guī)模債權(quán)類2,157.0979.57%2727.93不動產(chǎn)類462.1417.05%2816.50收益權(quán)類91.703.38%118.34合計2,710.92100.00%3118.72（IND（NABSCMBS825162圖4：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-基礎(chǔ)資產(chǎn)類型分布注：公募REITs為公募REITs對應(yīng)的資產(chǎn)支持專項計劃（IND（NABS4 企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）67.9920.85億元和14.13億元。從發(fā)行規(guī)模變化幅度來看，2025年一季度，除持有型不動產(chǎn)去年同期未有發(fā)行外，基礎(chǔ)設(shè)施1,653.40%、954.40%、52.83%51.14%45.64%64.91%59.54%48.90%。圖5：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-主要基礎(chǔ)資產(chǎn)細(xì)分類別同比變化情況（單位：億元）（IND（NABS表2：2025年一季度與2024年同期企業(yè)資產(chǎn)支持證券發(fā)行情況-基礎(chǔ)資產(chǎn)細(xì)分類別分布對比單位：單、億元、%、百分點基礎(chǔ)資產(chǎn) 2024.1~3 2025.1~3 發(fā)行規(guī)模 規(guī)模占比細(xì)分類別 發(fā)行單數(shù) 發(fā)行規(guī)模 規(guī)模占比 發(fā)行單數(shù) 發(fā)行規(guī)模 規(guī)模占比 同比變化 同比變化個人消費金融 59 432.04 21.29 82 629.23 23.21 197.18 1.92企業(yè)融資租賃 39 404.57 19.94 51 527.26 19.45 122.69 -0.49保理債權(quán) 3 12.85 0.63 23 135.49 5.00 122.64 4.36基礎(chǔ)設(shè)施收費收益權(quán) 1 5.00 0.25 10 87.67 3.23 82.67 2.99供應(yīng)鏈 47 247.84 12.21 62 311.48 11.49 63.64 -0.72應(yīng)收賬款 9 112.24 5.53 15 171.54 6.33 59.30 0.80CMBS 15 177.70 8.76 13 224.10 8.27 46.40 -0.495企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）類REITs784.714.178128.034.7243.320.55小微貸款19124.276.1222153.325.6629.05-0.47保單質(zhì)押貸款248.002.37260.002.2112.00-0.15持有型不動產(chǎn)00.000.00110.460.3910.460.39汽車融資租賃9105.705.217112.794.167.09-1.05委托貸款22.000.1010.700.03(1.30)-0.07信托受益權(quán)22.000.1000.000.00(2.00)-0.10小額貸款717.770.8869.080.33(8.69)-0.54其它收益權(quán)218.160.8914.030.15(14.13)-0.75公募REITs5120.405.93699.543.67(20.85)-2.26特定非金債權(quán)2114.195.63146.201.70(67.99)-3.92合計2302,029.44100.003112,710.92100.00681.49--（IND（NABS--13741.03%。表3：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-產(chǎn)品規(guī)模分布單位：億元、單產(chǎn)品規(guī)模發(fā)行單數(shù)產(chǎn)品規(guī)模發(fā)行單數(shù)發(fā)行規(guī)模金額占比(0,3]54128.324.73%(3,5]55239.198.82%(5,10]1371,112.2541.03%(10,20]44594.4521.93%(20,50]21636.7223.49%合計3112,710.92100.00%（IND（NABS20250.49-13號31(1,3]19153.48%表4：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-期限分布單位：年、單、億元期限 發(fā)行單數(shù) 發(fā)行規(guī)模 金額占比6 企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）(0,1]48345.1912.73%(1,3]1911,449.9153.48%(3,5]33345.8312.76%(5,10]12118.624.38%(10,20]15260.389.60%(20,65.04]12190.997.05%合計3112,710.92100.00%（IND（NABSAA+fs-f+f級證s s券占比為0.12%，A-sf級證券占比為0.21%，BBB+f級證券占比為0.06%，BBBsf級證券占比為0.06%。具體級別s分布如下圖所示：圖6：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-級別分布1（IND（NABS級證券的發(fā)行利率為樣本進(jìn)行觀察，2025年一季度最低發(fā)1.80%~2.40%28BP。圖7：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況-1年期左右證券發(fā)行利率分布（單位：年）1不含基礎(chǔ)設(shè)施公募REITs對應(yīng)的資產(chǎn)證券化產(chǎn)品。2包含期限在0.85~1.15年的AAAsf級證券。7 企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）（IND（NABS2,710.9233.58%1.80%~2.40%28BP。8企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）發(fā)行利差統(tǒng)計分析3考慮到企業(yè)資產(chǎn)支持證券信用評級分布的特點，我們將選取AAAsf級證券4作為樣本進(jìn)行觀察。圖8：企業(yè)ABS（AAAsf級）利率與同期限國債到期收益率走勢圖IND（NABS首先，我們以不同期限國債到期收益率為標(biāo)準(zhǔn)進(jìn)行觀察。與同期限國債相比，2025年一季度1年期和333部分內(nèi)容數(shù)據(jù)樣本量有限，僅作參照，后同。4AAAsf35年期證券分別指證券發(fā)行期限在[0.85,1.15][2.85,3.15]年和[4.85,5.15]年區(qū)間內(nèi)，AAAsf的證券。9企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）表5：2025年一季度企業(yè)資產(chǎn)支持證券（AAAsf級）與同期限國債到期收益率利差比較表5單位：百分點、支利差（1年期） 利差（3年期）指標(biāo)2024.1~3 2025.1~3 2024.1~3 2025.1~3平均值 0.97 0.78 1.82 1.27中位數(shù)0.830.701.670.95最小值0.590.360.580.37最大值2.801.623.013.02樣本數(shù)量1171422823IND（NABS圖9：企業(yè)ABS（AAAsf級）利率與同期限企業(yè)債（AAA級）到期收益率走勢圖IND（NABS5符合條件的5年期AAAsf級證券樣本較少，故未做列示。10企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）我們再選擇以不同期限AAA級企業(yè)債到期收益率為標(biāo)準(zhǔn)進(jìn)行觀察，與同期限AAA級企業(yè)債相比，2025表6：2025年一季度企業(yè)資產(chǎn)支持證券（AAAsf級）與各期限企業(yè)債（AAA級）到期收益率利差比較表單位：百分點、支指標(biāo)2024.1~3利差（1年期）2025.1~32024.1~3利差（3年期）2025.1~3平均值0.420.291.400.75中位數(shù)0.280.221.240.37最小值-0.01-0.120.11-0.11最大值2.251.092.622.45樣本數(shù)量1171422823IND（NABS2025個百分點和0.05個百分點；個百分點和0.240.020.33發(fā)行成本方面，2025年一季度發(fā)行的181BP66BP42BP61BP109BP。表7：2025年一季度企業(yè)資產(chǎn)支持證券（AAAsf級）與同期限國債、企業(yè)債（AAA級）到期收益率利差比較表（1年期）平均值2024.1~3平均值2024.1~30.852025.1~30.742024.1~30.302025.1~30.25中位數(shù)0.770.680.240.20個人消費金融最小值0.680.540.080.04最大值1.181.470.650.95樣本數(shù)量35.0053.0035.0053.00企業(yè)融資租賃平均值中位數(shù)1.130.900.830.780.580.360.340.30

單位：百分點、支與國債到期收益率相比 與企業(yè)債到期收益率相比企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）最小值0.650.470.14-0.08最大值2.521.512.000.99樣本數(shù)量25.0029.0025.0029.00平均值1.020.900.460.39中位數(shù)0.890.820.320.29供應(yīng)鏈最小值0.670.560.110.10最大值2.801.622.251.09樣本數(shù)量30.0023.0030.0023.00平均值0.670.560.100.08中位數(shù)0.700.540.130.08應(yīng)收賬款最小值0.590.37-0.01-0.03最大值0.700.830.170.24樣本數(shù)量4.007.004.007.00平均值1.080.760.450.24中位數(shù)1.080.650.450.15保理債權(quán)最小值1.080.600.450.02最大值1.081.260.450.76樣本數(shù)量1.006.001.006.00平均值1.160.760.580.25中位數(shù)0.970.790.350.26汽車融資租賃最小值0.730.660.120.20最大值2.030.821.480.27樣本數(shù)量6.004.006.004.00IND（NABS表8：2025年一季度與2024年同期企業(yè)資產(chǎn)支持證券（AAAsf級）發(fā)行利率比較表（1年期）單位：%基礎(chǔ)資產(chǎn)類型指標(biāo)2024.1~32025.1~3發(fā)行利率變動值平均值2.722.17-0.55中位數(shù)2.702.18-0.52個人消費金融最小值2.461.80-0.66最大值3.202.80-0.40樣本數(shù)量3553--企業(yè)融資租賃平均值中位數(shù)3.022.852.212.14-0.81-0.71企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）最小值2.501.80-0.70最大值平均值3.8062.903.00292.23-0.80---0.66中位數(shù)2.802.10-0.70供應(yīng)鏈最小值2.481.80-0.68最大值4.562.90-1.66樣本數(shù)量平均值302.44232.02---0.42中位數(shù)2.472.01-0.46應(yīng)收賬款最小值2.351.85-0.50最大值2.482.28-0.20樣本數(shù)量平均值42.8072.19---0.61中位數(shù)2.802.12-0.68保理債權(quán)最小值2.801.88-0.92最大值2.802.60-0.20樣本數(shù)量16--平均值3.021.93-1.09中位數(shù)2.851.90-0.95汽車融資租賃最小值2.501.90-0.60最大值3.802.00-1.80樣本數(shù)量64--IND（NABS13企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）備案情況2,666.51415.56%。圖10：2025年一季度及2024年同期企業(yè)資產(chǎn)支持證券月度備案情況（單位：億元、單）（IND（NABS14企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）二級市場交易及持倉情況10,05853.47%7,277592.8226.42%。圖11：2025年一季度及2024年同期企業(yè)資產(chǎn)支持證券二級市場交易月度分布情況（單位：億元、筆）（IND（NABS分月份來看，2025年1~3月，3月份企業(yè)資產(chǎn)支持證券在交易所市場的交易規(guī)模最高，當(dāng)月交易筆數(shù)合計4,764筆，交易規(guī)模合計1,191.03億元。、CMBS291108.5520.02%34387.2716.10%；CMBS類產(chǎn)14070.0112.91%。15企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）圖12：2025年一季度企業(yè)資產(chǎn)支持證券二級市場交易情況-基礎(chǔ)資產(chǎn)類型分布（IND（NABS20242.51%15,713.2816企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）圖13：上交所企業(yè)資產(chǎn)支持證券持有人分布（單位：億元）數(shù)據(jù)來源：上交所，中誠信國際整理圖14：深交所企業(yè)資產(chǎn)支持證券持有人分布（單位：億元）數(shù)據(jù)來源：深交所，中誠信國際整理17企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）2025年二季度到期情況分析2025年32025年二季度到期4571,233.925428.79%349.23106183.138614.84%從原始權(quán)益人來看，廈門國際信托有限公司到期證券22支，應(yīng)償付規(guī)模111.10億元，占比為9.00%；中鐵資本有限公司到期證券8支，應(yīng)償付規(guī)模81.61億元，占比為6.61%；中國對外經(jīng)濟(jì)貿(mào)易信托有限公司到期證券23支，應(yīng)償付規(guī)模78.34億元，占比為6.35%。18企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）行業(yè)動態(tài)點評及趨勢展望2025號（PPP）（2019〕292。點評：本細(xì)則的發(fā)布系基金業(yè)協(xié)會為進(jìn)一步提升資產(chǎn)證券化業(yè)務(wù)盡職調(diào)查工作質(zhì)量，保護(hù)投資人合法權(quán)益的重要舉措，新的自律規(guī)則對原有規(guī)則中小額貸款債權(quán)及企業(yè)融資債權(quán)盡調(diào)要求的缺失進(jìn)行了填補(bǔ)，同時對資產(chǎn)證券化業(yè)務(wù)的業(yè)務(wù)參與人、基礎(chǔ)資產(chǎn)、現(xiàn)金流和交易結(jié)構(gòu)等的盡職調(diào)查要點進(jìn)行了細(xì)化與完善，與滬深交易所的相關(guān)資產(chǎn)證券化業(yè)務(wù)指引更為適配，對各中介機(jī)構(gòu)高效開展資產(chǎn)證券化業(yè)務(wù)盡職調(diào)查工作具有重要的指導(dǎo)意義。展望：盡職調(diào)查規(guī)則的統(tǒng)一與完善可有效降低因標(biāo)準(zhǔn)不一導(dǎo)致的操作風(fēng)險，進(jìn)一步提升信息披露透明度，增強(qiáng)投資者信心，為資產(chǎn)證券化市場更好的服務(wù)實體經(jīng)濟(jì)、實現(xiàn)高質(zhì)量健康發(fā)展奠定了基礎(chǔ)。19企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）附表1：2025年一季度企業(yè)資產(chǎn)支持證券發(fā)行情況（單位：億元）產(chǎn)品簡稱基礎(chǔ)資產(chǎn)類別發(fā)行規(guī)模設(shè)立日證券簡稱證券占比證券等級預(yù)期到期日預(yù)期收益率圓滿（申萬）2024-4個人消費金融4.702025/1/2圓滿4A174.26%AAAsf2026/1/21.95%圓滿4A222.77%AAAsf2026/11/32.12%圓滿4次2.98%NR2027/3/5--沈知2024-1小額貸款0.722025/1/3沈知1A141.67%AAAsf2025/7/303.45%沈知1A253.33%AA+sf2025/7/303.95%沈知1次5.00%NR2025/7/30--薈享19號2025-1個人消費金融10.002025/1/7薈享19號第1期優(yōu)先A級（第1期次）90.00%AAAsf2026/1/71.90%薈享19號第1期優(yōu)先B級（第1期次）3.00%AA+sf2026/1/72.20%薈享19號第1期中間級2.00%A+sf2027/12/73.70%薈享19號第1期次級5.00%NR2027/12/7--北融51期2025-1供應(yīng)鏈2.322025/1/7北融51優(yōu)99.57%AAAsf2026/12/312.70%北融51次0.43%NR2026/12/31--匯通2025-1企業(yè)融資租賃5.802025/1/7匯通1優(yōu)135.52%AAAsf2025/11/212.08%匯通1優(yōu)232.07%AAAsf2026/11/202.28%匯通1優(yōu)327.07%AAAsf2027/11/192.71%匯通1次5.34%NR2034/5/26--領(lǐng)航3號2025-3汽車融資租賃12.502025/1/725領(lǐng)航1144.00%AAAsf2025/11/271.90%25領(lǐng)航1247.04%AAAsf2027/2/262.00%25領(lǐng)航1C8.96%NR2029/11/27--遠(yuǎn)見2025-4企業(yè)融資租賃8.072025/1/724YJ4A189.22%AAAsf2026/6/263.10%24YJ4A23.72%AAAsf2026/9/283.30%24YJ4C7.06%NR2027/6/28--安新2025-17汽車融資租賃30.022025/1/825新17A139.31%AAAsf2026/1/261.90%25新17A243.30%AAAsf2027/4/262.30%25新17B9.16%AA+sf2027/7/262.40%25新17次8.23%NR2029/10/26--熙和3號2025-1供應(yīng)鏈4.542025/1/8熙和12優(yōu)99.78%AAAsf2026/1/61.99%熙和12次0.22%NR2026/1/6--薈享19號2025-4個人消費金融10.002025/1/825薈享19號4C2.00%A+sf2027/12/83.70%25薈享19號4A90.00%AAAsf2026/1/81.80%25薈享19號4B3.00%AA+sf2026/1/82.15%25薈享19號4次5.00%NR2027/12/8--溧陽1號2024-1供應(yīng)鏈6.412025/1/8溧陽1優(yōu)99.84%AAAsf2026/12/222.27%溧陽1次0.16%NR2026/12/22--樂信2025-3個人消費金融3.002025/1/824樂信3A82.00%AAAsf2026/4/82.50%24樂信3B7.00%AA+sf2026/4/83.20%24樂信3C6.00%Asf2026/4/83.80%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）24樂信3D5.00%NR2026/4/8--152025-1個人消費金融3.002025/1/8美睦5A84.00%AAAsf2026/1/211.85%美睦5B5.67%AA+sf2026/1/212.00%美睦5C10.33%NR2026/2/27--深知10號2025-1小額貸款0.792025/1/8深知10A198.73%AAAsf2026/1/82.15%深知10次1.27%NR2026/1/8--遠(yuǎn)東（中金）2024-6企業(yè)融資租賃24.212025/1/924YD6A165.68%AAAsf2025/11/262.60%24YD6A229.33%AAAsf2026/11/262.93%24YD6C5.00%NR2025/8/26--航投2025-1供應(yīng)鏈6.332025/1/9航投01優(yōu)99.84%AA+fs2026/1/93.90%航投01次0.16%NR2026/1/9--悅信3號2025-3供應(yīng)鏈3.652025/1/9悅信12優(yōu)99.73%AAAsf2025/12/221.90%悅信12次0.27%NR2025/12/22--美好中信1期2號2025-1個人消費金融15.002025/1/9美好二2A83.50%AAAsf2026/12/281.87%美好二2B7.00%AA+sf2026/12/282.00%美好二2C9.50%NR2027/1/26--鑫馳1期2025-1汽車融資租賃8.202025/1/925鑫馳1A80.24%AAAsf2027/10/272.40%25鑫馳1B12.68%AA+sf2027/11/83.80%25鑫馳1C7.07%NR2027/11/8--泉城2號2025-2供應(yīng)鏈9.392025/1/9泉城貳2A99.89%AAAsf2026/1/91.99%泉城貳2B0.11%NR2026/1/9--丹霞1期2025-1供應(yīng)鏈6.002025/1/9丹霞01優(yōu)99.83%AAAsf2027/1/112.68%丹霞01次0.17%NR2027/1/11--小滿2號2025-1小微貸款10.002025/1/10小滿21A170.00%AAAsf2026/1/271.90%小滿21A214.00%AAAsf2026/3/92.00%小滿21B5.50%AA+sf2026/3/272.20%小滿21C5.50%BBB+sf2026/4/274.80%小滿21次5.00%NR2026/10/9--通匯2025-1企業(yè)融資租賃6.072025/1/1025通匯A138.71%AAAsf2025/11/261.82%25通匯A228.17%AAAsf2026/8/261.90%25通匯A328.01%AAAsf2027/5/261.99%25通匯C5.11%NR2027/11/26--熠月5期2025-1個人消費金融6.002025/1/10熠月5A89.50%AAAsf2026/1/301.85%熠月5B5.50%AA+sf2026/1/301.98%熠月5CA2.00%NR2026/1/30--熠月5CB3.00%NR2026/1/30--盛宏1號2025-2小微貸款12.002025/1/10盛宏12優(yōu)90.00%AAAsf2027/1/82.10%盛宏12次10.00%NR2027/1/8--國金1期2025-1企業(yè)融資租賃7.272025/1/10Z國金1A146.77%AAAsf2026/1/181.88%Z國金1A248.14%AAAsf2027/1/182.18%Z國金1次5.09%NR2029/4/18--信擔(dān)1號2025-1供應(yīng)鏈2.312025/1/10信擔(dān)1優(yōu)99.57%AAAsf2027/1/112.80%信擔(dān)1次0.43%NR2027/1/11--企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）宏泰2025-3企業(yè)融資租賃8.802025/1/10宏泰3A128.64%AAAsf2025/12/262.00%宏泰3A230.91%AAAsf2026/12/282.10%宏泰3A335.23%AAAsf2028/1/102.30%宏泰3次5.23%NR2028/12/26--予鑫1號2025-9個人消費金融4.002025/1/10予鑫9A82.50%AAAsf2026/10/261.90%予鑫9B5.50%AA+sf2026/10/261.98%予鑫9C17.00%NR2026/11/26--予鑫9C25.00%NR2026/11/26--飛英2025-10企業(yè)融資租賃6.872025/1/10飛英10A134.93%AAAsf2025/10/262.40%飛英10A242.94%AAAsf2026/10/262.60%飛英10B17.03%AAAsf2027/10/262.70%飛英10C5.09%NR2028/1/26--安馳5號2024-1汽車融資租賃10.622025/1/13安馳5A134.84%AAAsf2025/12/261.90%安馳5A237.66%AAAsf2026/12/262.10%安馳5A312.24%AAAsf2027/6/262.40%安馳5次15.25%NR2029/9/26--2A工瑞9期2024-1供應(yīng)鏈2.862025/1/13工瑞9A32100.00%AAAsf2026/1/131.80%常經(jīng)開2025-1類REITs9.202025/1/13常經(jīng)開優(yōu)99.89%AAAsf2043/1/132.35%常經(jīng)開次0.11%NR2043/1/13--華威市場REITs2025-1公募REITs15.132025/1/13R易方達(dá)華威市場01100.00%NR2057/1/12--融惠金23號2025-1供應(yīng)鏈3.392025/1/13融惠23優(yōu)99.71%AAAsf2026/1/92.38%融惠23次0.29%NR2026/1/9--悅城2025-1供應(yīng)鏈1.772025/1/1325悅城優(yōu)99.44%AAAsf2027/1/132.70%25悅城次0.56%NR2027/1/13--新建元2025-1類REITs19.652025/1/14新建元9A70.23%AAAsf2031/1/142.03%新建元9B29.77%NR2031/1/14--五局2025-1供應(yīng)鏈32.862025/1/1425五局1A99.97%AAAsf2027/1/131.96%25五局1C0.03%NR2027/1/13--融新8期2025-1企業(yè)融資租賃14.722025/1/14新源8A165.63%AAAsf2026/10/261.84%新源8A229.35%AAAsf2028/10/261.90%新源8次5.03%NR2029/10/26--4工瑞1期2025-1供應(yīng)鏈2.162025/1/14工瑞1A34100.00%AAAsf2025/7/151.80%2B中資2025-26應(yīng)收賬款4.752025/1/14工鑫26B2100.00%AAAsf2026/1/141.85%泉能REITs2025-1公募REITs14.962025/1/14R泉能01100.00%NR2053/1/13--恒信發(fā)展2025-1企業(yè)融資租賃5.002025/1/14恒信82A157.00%AAAsf2025/9/261.85%恒信82A238.00%AAAsf2026/9/262.10%恒信82次5.00%NR2029/12/26--漳龍3號供應(yīng)鏈4.332025/1/1425漳龍1A99.77%AAAsf2027/1/82.40%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）2025-125漳龍1S0.23%NR2027/1/8--鹽保安2025-1其它收益權(quán)4.032025/1/14鹽保安優(yōu)90.57%AAAsf2030/1/302.40%鹽保安次9.43%NR2030/1/30--粵開2025-1類REITs16.222025/1/14GC粵開1A99.94%AAAsf2047/1/142.10%GC粵開1C0.06%NR2047/1/14--濟(jì)租三期2025-2企業(yè)融資租賃8.622025/1/1425濟(jì)租A140.72%AAAsf2025/12/32.00%25濟(jì)租A237.82%AAAsf2026/12/32.38%25濟(jì)租B16.47%AA+sf2027/6/23.15%25濟(jì)租次4.99%NR2027/12/3--財通（東吳）2025-2企業(yè)融資租賃6.542025/1/1524財融0148.47%AAAsf2025/12/152.27%24財融0246.64%AAAsf2027/12/152.65%24財融J24.89%NR2028/12/15--熙和3號2025-2供應(yīng)鏈5.322025/1/15熙和13優(yōu)99.81%AAAsf2026/1/141.95%熙和13次0.19%NR2026/1/14--惠及2期2025-1小微貸款8.002025/1/15惠及2A88.00%AAAsf2026/11/251.86%惠及2B6.00%AA+sf2026/12/252.00%惠及2次6.00%NR2027/1/25--薈享19號2025-5個人消費金融10.002025/1/15薈享19號第5期優(yōu)先A級(第1期次)90.00%AAAsf2025/12/151.89%薈享19號第5期優(yōu)先B級(第1期次)3.00%AA+sf2025/12/152.10%薈享19號第5期中間級2.00%A+sf2027/10/153.70%薈享19號第5期次級5.00%NR2027/10/15--眾安小貸2025-1個人消費金融2.112025/1/15眾安1A94.79%AAAsf2026/8/122.80%眾安1C5.21%NR2026/8/12--住發(fā)1期2025-1CMBS37.012025/1/15住發(fā)1優(yōu)99.97%AAAsf2046/1/82.20%住發(fā)1次0.03%NR2046/1/8--豐盛里2025-2CMBS11.812025/1/15豐盛里A99.92%AAAsf2046/1/312.00%豐盛里C0.08%NR2046/1/31--汽融2025-2汽車融資租賃8.492025/1/1524GTQR2136.51%AAAsf2026/1/262.00%24GTQR2244.76%AAAsf2027/4/262.10%24GTQR2311.66%AAAsf2027/10/252.30%24GTQR2C7.07%NR2029/7/25--鋼易租2025-1企業(yè)融資租賃4.002025/1/15鋼易租01A167.50%AAAsf2025/10/262.18%鋼易租01A227.50%AAAsf2026/7/262.47%鋼易租01次5.00%NR2027/4/26--農(nóng)保2025-6保理債權(quán)7.632025/1/16農(nóng)保6A135.39%AAAsf2025/12/151.88%農(nóng)保6A259.37%AAAsf2027/12/152.07%農(nóng)保6次5.24%NR2028/3/15--毓秀2025-2個人消費金融10.002025/1/16毓秀2A84.60%AAAsf2026/4/162.30%毓秀2B5.00%AA+sf2026/4/162.60%毓秀2C4.00%Asf2026/4/164.00%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）毓秀2次6.40%NR2026/4/16--華盈2025-1供應(yīng)鏈3.892025/1/16華盈1A199.74%AA+sf2027/1/132.70%華盈1次0.26%NR2027/1/13--耘睿19號2025-1個人消費金融10.002025/1/16耘睿191A87.00%AAAsf2026/11/162.15%耘睿191B4.00%AA+sf2026/12/162.28%耘睿191C4.00%A-sf2026/12/163.60%耘睿191D5.00%NR2027/9/16--鑫鑫農(nóng)貸2025-5小額貸款2.152025/1/17鑫鑫5優(yōu)93.02%AAAsf2027/12/151.89%鑫鑫5次6.98%NR2027/12/15--西城租2025-6企業(yè)融資租賃7.202025/1/17西租06A165.28%AAAsf2025/11/182.70%西租06A229.72%AAAsf2026/11/183.00%西租06次5.00%NR2028/2/18--財立方2025-1保理債權(quán)6.772025/1/17財立方1A94.98%AAAsf2027/1/182.57%財立方1C5.02%NR2027/1/18--和光17號2025-1供應(yīng)鏈7.522025/1/1725和光1A99.87%AAAsf2026/1/161.95%25和光1C0.13%NR2026/1/16--3中鐵建17期2024-1供應(yīng)鏈2.472025/1/1724中鐵17A3100.00%AAAsf2025/7/171.79%4中鐵建18期2025-1供應(yīng)鏈2.452025/1/17TB18A34100.00%AAAsf2025/7/171.79%2薈享13號2025-1個人消費金融9.202025/1/17薈享13號第1期優(yōu)先A級(第2期次)96.74%AAAsf2026/2/131.90%薈享13號第1期優(yōu)先B級(第2期次)3.26%AA+sf2026/2/132.20%紫金2025-1企業(yè)融資租賃8.002025/1/1725紫租A135.00%AAAsf2025/10/271.80%25紫租A245.00%AAAsf2026/10/261.88%25紫租A315.00%AAAsf2027/4/261.90%25紫租次5.00%NR2027/4/26--創(chuàng)熠2025-2企業(yè)融資租賃10.022025/1/1725DC1A145.41%AAAsf2025/12/262.14%25DC1A224.15%AAAsf2026/12/282.34%25DC1A316.37%AAAsf2027/12/272.70%25DC1B4.09%AA+sf2028/6/263.50%25DC1次9.98%NR2034/9/26--川擔(dān)2025-2供應(yīng)鏈2.792025/1/17川擔(dān)2A199.64%AAAsf2027/12/272.80%川擔(dān)2B0.36%NR2027/12/27--南太湖2025-1保理債權(quán)6.862025/1/17南太湖1A94.90%AAAsf2025/6/272.55%南太湖1B5.10%NR2025/10/27--金資1期2025-1應(yīng)收賬款5.162025/1/1725金資優(yōu)94.96%AA+sf2026/9/182.60%25金資次5.04%NR2026/9/18--深知9號2025-1小額貸款1.652025/1/17深知9A199.39%AAAsf2026/1/192.15%深知9次0.61%NR2026/1/19--盛世1期2025-1供應(yīng)鏈1.022025/1/17盛世11優(yōu)99.02%AA+sf2026/7/93.29%盛世11次0.98%NR2026/7/9--企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）溧陽1號2025-2供應(yīng)鏈4.612025/1/20溧陽2優(yōu)99.78%AAAsf2027/1/292.45%溧陽2次0.22%NR2027/1/29--朗煜1號2025-1個人消費金融5.202025/1/21朗煜1A130.00%AAAsf2025/12/152.65%朗煜1A240.00%AAAsf2026/12/153.00%朗煜1A328.50%AAAsf2027/12/154.30%朗煜1次1.50%NR2028/3/27--惠成1A132.00%AAAsf2026/2/121.89%惠成一號2025-1個人消費金融10.002025/1/21惠成1A258.00%AAAsf2026/9/141.98%惠成1B5.00%AA+sf2026/9/142.10%惠成1次5.00%NR2026/10/12--工瑞13期2025-1供應(yīng)鏈4.002025/1/21GR13A142.00%AAAsf2026/1/121.95%GR13A230.75%AAAsf2028/1/112.09%GR13A3127.00%AAAsf2028/1/112.00%GR13次0.25%NR2028/1/11--博遠(yuǎn)042A89.00%AAAsf2026/7/211.93%博遠(yuǎn)4號2025-2個人消費金融10.002025/1/21博遠(yuǎn)042B3.00%AA+fs2026/8/212.25%博遠(yuǎn)042C3.00%A-sf2026/8/213.60%博遠(yuǎn)042D5.00%NR2027/1/21--漳州3號2025-3供應(yīng)鏈10.122025/1/21漳州15A98.62%AAAsf2025/12/102.10%漳州15C1.38%NR2025/12/10--恒華2025-1企業(yè)融資租賃4.802025/1/2125恒華A150.00%AAAsf2025/12/262.06%25恒華A243.13%AAAsf2026/12/262.15%25恒華C6.88%NR2027/9/26--華寶2025-1企業(yè)融資租賃10.752025/1/2125寶租A143.72%AAAsf2026/1/141.80%25寶租A237.21%AAAsf2027/1/131.99%25寶租A313.95%AAAsf2027/7/122.00%25寶租次5.12%NR2028/7/12--華發(fā)六期2025-1供應(yīng)鏈5.012025/1/2125華發(fā)1A99.80%AAAsf2026/1/162.90%25華發(fā)1C0.20%NR2026/1/16--江夏2025-2基礎(chǔ)設(shè)施收費收益權(quán)10.002025/1/2125江夏A19.20%AAAsf2026/1/262.15%25江夏A210.10%AAAsf2027/1/152.00%25江夏A311.20%AAAsf2028/1/172.23%25江夏A449.50%AAAsf2032/1/172.40%25江夏次20.00%NR2032/1/17--求進(jìn)2025-1保單質(zhì)押貸款30.002025/1/2125新華1A92.00%AAAsf2026/1/201.80%25新華1B6.83%AAsf2026/1/208.00%25新華1C1.17%Asf2026/1/200.00%申悅13號2025-1供應(yīng)鏈4.012025/1/21申悅13優(yōu)99.75%AAAsf2026/1/202.00%申悅13次0.25%NR2026/1/20--廣開投2025-1CMBS8.052025/1/21開投控1A66.58%AAAsf2043/1/212.20%開投控1B33.29%AA+sf2043/1/212.75%開投控1C0.12%NR2043/1/21--融悅2025-1CMBS46.002025/1/2125融悅優(yōu)99.35%AAAsf2043/1/212.80%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）25融悅次0.65%NR2043/1/21--交建2號2025-6應(yīng)收賬款8.882025/1/22中交26A94.93%AAAsf2025/10/232.00%中交26C5.07%NR2025/10/23--和光18號2025-1供應(yīng)鏈9.762025/1/2225和光2A99.90%AAAsf2026/1/212.00%25和光2C0.10%NR2026/1/21--星燦2號2025-1個人消費金融8.002025/1/22星燦211A98.50%AAAsf2026/1/152.75%星燦21B1.50%NR2028/1/17--毓消2025-1個人消費金融5.002025/1/22毓消11A84.60%AAAsf2026/7/222.33%毓消11B4.40%AA+sf2026/7/222.60%毓消11C4.00%Asf2026/7/224.00%毓消11D7.00%NR2026/7/22--162025-1個人消費金融3.002025/1/22美睦6A83.67%AAAsf2026/2/42.04%美睦6B5.67%AA+fs2026/2/42.14%美睦6C10.67%NR2026/3/6--耘睿19號2025-2個人消費金融10.002025/1/22耘睿192A87.00%AAAsf2026/12/222.14%耘睿192B4.00%AA+sf2027/1/222.28%耘睿192C4.00%A-sf2027/1/223.60%耘睿192D5.00%NR2027/10/22--蘇豪2025-1企業(yè)融資租賃3.002025/1/22蘇租優(yōu)95.00%AAAsf2026/11/22.30%蘇租次5.00%NR2026/11/2--星悅12期2025-1個人消費金融4.002025/1/22星悅12A89.00%AAAsf2026/1/301.90%星悅12B6.00%AA+sf2026/1/302.10%星悅12C12.00%NR2026/1/30--星悅12C23.00%NR2026/1/30--橙融3期2025-1供應(yīng)鏈2.892025/1/22橙融3A115.92%AAAsf2026/1/162.10%橙融3A283.74%AAAsf2027/1/152.28%橙融3C0.35%NR2027/1/15--汴三2期2025-1供應(yīng)鏈4.012025/1/22汴三02優(yōu)99.75%AA+sf2026/1/223.04%汴三02次0.25%NR2026/1/22--三一租賃2025-1企業(yè)融資租賃10.102025/1/2331ZL15A138.32%AAAsf2025/12/261.90%31ZL15A233.66%AAAsf2026/12/281.98%31ZL15A317.82%AAAsf2027/12/272.00%31ZL15次10.20%NR2029/12/26--新華2025-1CMBS22.712025/1/23新華01優(yōu)99.96%AAAsf2043/1/212.07%新華01次0.04%NR2043/1/21--浙商6期2025-1企業(yè)融資租賃10.002025/1/23浙租6A147.00%AAAsf2025/12/232.10%浙租6A230.00%AAAsf2026/12/232.15%浙租6A318.00%AAAsf2027/9/232.15%浙租6次5.00%NR2028/9/23--惠及3期2025-1小微貸款6.002025/1/23惠及3A88.00%AAAsf2026/11/251.98%惠及3B6.00%AA+sf2026/12/252.10%惠及3次6.00%NR2027/1/25--赫金2025-1供應(yīng)鏈8.502025/1/2324赫金優(yōu)99.88%AAAsf2026/12/32.12%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）24赫金次0.12%NR2026/12/3--守正4期2025-1供應(yīng)鏈2.022025/1/23亞保04優(yōu)99.50%AA+sf2027/1/233.50%亞保04次0.50%NR2027/1/23--京供13號2025-3保理債權(quán)10.002025/1/23京誠133A99.00%AAAsf2025/7/221.97%京誠133B1.00%NR2025/7/22--景熠1號2025-5個人消費金融7.502025/1/23景熠151A98.40%AAAsf2026/1/232.75%景熠15次1.60%NR2028/2/15--空港2025-5保理債權(quán)2.702025/1/23空港05優(yōu)94.63%AAAsf2026/10/302.48%空港05次5.37%NR2026/10/30--臨熱2025-1基礎(chǔ)設(shè)施收費收益權(quán)8.002025/1/2325臨熱優(yōu)95.00%AAAsf2033/11/302.83%25臨熱次5.00%NR2033/11/30--德達(dá)1期2025-1供應(yīng)鏈3.002025/1/23德達(dá)1優(yōu)99.67%AA+sf2027/1/282.65%德達(dá)1次0.33%NR2027/1/28--廈水2025-2基礎(chǔ)設(shè)施收費收益權(quán)6.952025/1/23廈水2優(yōu)94.96%AAAsf2033/5/262.12%廈水2次5.04%NR2033/5/26--2盛業(yè)1期2025-1應(yīng)收賬款7.002025/1/23盛業(yè)1優(yōu)2100.00%AA+sf2026/1/303.45%聯(lián)易融3號2025-6供應(yīng)鏈3.452025/1/24二局32優(yōu)99.71%AAAsf2026/12/312.04%二局32次0.29%NR2026/12/31--熙和3號2025-3供應(yīng)鏈10.152025/1/24熙和14優(yōu)99.90%AAAsf2026/1/232.07%熙和14次0.10%NR2026/1/23--金隅REITs2025-1公募REITs11.362025/1/2425金隅A100.00%NR2049/1/24--光大環(huán)境2025-1應(yīng)收賬款6.532025/1/24G光大環(huán)境1優(yōu)96.48%AAAsf2026/8/211.79%G光大環(huán)境1次3.52%NR2026/8/21--樂成2025-1供應(yīng)鏈5.002025/1/2425樂成優(yōu)99.80%AAAsf2027/1/223.00%25樂成次0.20%NR2027/1/22--星燦1號2025-6個人消費金融5.402025/1/24星燦6A130.00%AAAsf2026/1/152.65%星燦6A240.00%AAAsf2027/1/153.00%星燦6A328.50%AAAsf2028/1/174.30%星燦6次1.50%NR2028/2/15--先投3號4期2025-1供應(yīng)鏈5.312025/1/24先投叁4A99.81%AAAsf2026/1/232.17%先投叁4B0.19%NR2026/1/23--諸暨2025-1CMBS11.872025/1/2425諸暨優(yōu)99.92%AA+sf2043/10/302.75%25諸暨次0.08%NR2043/10/30--國晟2025-3保理債權(quán)3.422025/1/2425國晟3A99.71%AAAsf2026/1/62.60%25國晟3C0.29%NR2026/1/6--予鑫1號2025-10個人消費金融3.002025/1/24予鑫10A82.33%AAAsf2026/1/262.04%予鑫10B5.67%AA+sf2026/1/262.13%予鑫10C17.00%NR2026/11/26--予鑫10C25.00%NR2026/11/26--企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）耘睿19號2025-3個人消費金融10.002025/1/24耘睿193A90.00%AAAsf2026/1/231.98%耘睿193B3.00%AA+sf2026/2/242.20%耘睿193C2.00%A+sf2026/2/243.50%耘睿193D5.00%NR2026/11/24--遠(yuǎn)東（平安）2025-1企業(yè)融資租賃21.502025/1/2425YD1A179.07%AAAsf2026/7/272.68%25YD1A213.02%AAAsf2026/12/283.00%25YD1C7.91%NR2027/11/26--青城鄉(xiāng)2025-26企業(yè)融資租賃13.302025/1/24青租26A151.88%AAAsf2026/1/202.30%青租26A233.83%AAAsf2027/1/202.35%青租26A39.02%AAAsf2027/7/202.50%青租26次5.26%NR2027/10/20--青島中心2025-2CMBS11.112025/1/27鐵置優(yōu)02100.00%AAAsf2028/1/202.19%美潤六期2025-11小微貸款4.002025/2/11美潤611A81.50%AAAsf2026/8/262.13%美潤611B4.00%AA+sf2027/2/192.30%美潤611C9.50%NR2028/2/28--美潤611D5.00%NR2028/2/28--延安4期2025-1供應(yīng)鏈1.822025/2/1125延安1A99.45%AAAsf2027/2/102.90%25延安1C0.55%NR2027/2/10--美好中信1期3號2025-1個人消費金融10.002025/2/12美好二3A83.50%AAAsf2027/1/261.99%美好二3B7.00%AA+sf2027/1/262.05%美好二3C9.50%NR2027/2/26--金采6號2025-3小微貸款8.002025/2/12金采陸3A90.00%AAAsf2026/2/121.95%金采陸3B10.00%NR2026/9/11--海爾5號2025-1企業(yè)融資租賃13.362025/2/12海融租5A72.75%AAAsf2026/1/192.78%海融租5B22.23%AAAsf2026/10/192.79%海融租5C5.01%NR2027/11/18--美好中信1期4號2025-1個人消費金融10.002025/2/13美好二4A83.50%AAAsf2027/1/261.95%美好二4B7.00%AA+sf2027/1/262.03%美好二4C9.50%NR2027/2/26--172025-1個人消費金融3.002025/2/13美睦7A83.67%AAAsf2026/3/61.94%美睦7B5.67%AA+fs2026/3/61.95%美睦7C10.67%NR2026/3/26--耘睿19號2025-4個人消費金融10.002025/2/13耘睿194A87.00%AAAsf2026/12/112.12%耘睿194B4.00%AA+sf2027/1/132.28%耘睿194C4.00%A-sf2027/1/133.60%耘睿194D5.00%NR2027/10/13--鯤鵬23期2025-1企業(yè)融資租賃9.692025/2/14鯤鵬23A134.37%AAAsf2025/12/261.95%鯤鵬23A260.58%AAAsf2027/12/272.08%鯤鵬23次5.06%NR2030/3/26--美憬三期2025-2個人消費金融5.002025/2/14美憬叁2A84.00%AAAsf2026/2/261.96%美憬叁2B6.00%AA+sf2026/2/262.05%美憬叁2C5.00%NR2026/8/26--企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）美憬叁2D5.00%NR2026/8/26--月影1號2025-2個人消費金融3.002025/2/141月影2A86.67%AAAsf2026/2/261.94%1月影2B5.33%AA+sf2026/2/261.99%1月影2C3.00%NR2026/9/28--1月影2D5.00%NR2026/9/28--予鑫11A82.33%AAAsf2026/2/261.97%予鑫1號2025-11個人消費金融3.002025/2/14予鑫11B5.67%AA+fs2026/2/262.00%予鑫11C17.00%NR2026/12/28--予鑫11C25.00%NR2026/12/28--耘睿19號2025-5個人消費金融10.002025/2/14耘睿195A87.00%AAAsf2026/12/142.12%耘睿195B4.00%AA+sf2027/1/142.28%耘睿195C4.00%A-sf2027/1/143.60%耘睿195D5.00%NR2027/10/14--九州通REITs2025-1公募REITs11.582025/2/17R九州通1100.00%NR2064/2/17--毓微4號2025-1小微貸款10.002025/2/18毓微41A83.50%AAAsf2027/2/182.28%毓微41B4.50%AA+sf2027/2/182.60%毓微41C4.50%Asf2027/2/184.00%毓微41D7.50%NR2027/2/18--惠農(nóng)2號2025-4汽車融資租賃8.282025/2/18獅橋56A180.69%AAAsf2026/12/292.32%獅橋56A212.08%AA+sf2027/1/123.60%獅橋56C7.23%NR2027/1/12--遠(yuǎn)惠2025-1企業(yè)融資租賃27.502025/2/1825YH1A158.91%AAAsf2026/1/262.30%25YH1A236.00%AAAsf2026/10/262.82%25YH1次5.09%NR2028/1/26--薈享23號2025-1個人消費金融10.002025/2/19薈享231A87.00%AAAsf2027/2/192.19%薈享231B4.00%AA+sf2027/3/192.30%薈享231C4.00%A-sf2027/3/193.60%薈享231D5.00%NR2027/12/17--滿消6號2025-3個人消費金融10.002025/2/19滿消63A170.00%AAAsf2026/3/182.00%滿消63A215.50%AAAsf2026/5/182.09%滿消63B5.00%AA+fs2026/6/42.18%滿消63C4.50%BBB+sf2026/7/34.70%滿消63E5.00%NR2026/11/18--金源1號2025-1供應(yīng)鏈1.772025/2/19金源1優(yōu)100.00%AAAsf2026/12/182.38%川擔(dān)2025-3供應(yīng)鏈2.852025/2/19川擔(dān)3A199.65%AAAsf2026/2/132.80%川擔(dān)3B0.35%NR2026/2/13--薈享23號2025-2個人消費金融10.002025/2/20薈享232A87.00%AAAsf2027/2/192.19%薈享232B4.00%AA+sf2027/3/192.28%薈享232C4.00%A-sf2027/3/193.60%薈享232D5.00%NR2027/12/20--興知2期個人消費5.002025/2/201興知2A89.50%AAAsf2025/11/202.02%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）2025-1金融1興知2B5.50%AA+fs2025/11/202.10%興知2C12.00%NR2028/2/29--興知2C23.00%NR2028/2/29--景熠1號2025-6個人消費金融8.002025/2/20景熠161A98.50%AAAsf2026/3/32.70%景熠16次1.50%NR2028/2/15--信公2025-2供應(yīng)鏈3.182025/2/2025信公1A94.97%AA+sf2027/2/223.27%25信公1B5.03%NR2027/2/22--泉城2號2025-3供應(yīng)鏈10.272025/2/20泉城貳3A99.90%AAAsf2026/2/132.25%泉城貳3B0.10%NR2026/2/13--創(chuàng)享一號2025-4小微貸款4.192025/2/21創(chuàng)享04A133.41%AAAsf2026/1/232.05%創(chuàng)享04A235.32%AAAsf2027/1/222.12%創(chuàng)享04A326.25%AAAsf2027/9/242.28%創(chuàng)享04C5.01%NR2027/11/27--建融叁2025-2供應(yīng)鏈5.862025/2/21建融叁2A99.83%AAAsf2026/1/302.80%建融叁2C0.17%NR2026/1/30--美憬三期2025-3個人消費金融5.002025/2/21美憬叁3A84.00%AAAsf2026/2/262.05%美憬叁3B6.00%AA+sf2026/2/262.13%美憬叁3C5.00%NR2026/8/26--美憬叁3D5.00%NR2026/8/26--吉電2025-1類REITs13.552025/2/2125吉電綠色ABS優(yōu)99.93%AAAsf2043/2/232.28%25吉電綠色ABS次0.07%NR2043/2/23--產(chǎn)融2號2025-9小微貸款1.072025/2/21普險29A89.72%AAAsf2026/2/62.70%普險29B4.67%AA+sf2026/2/64.00%普險29C5.61%NR2026/2/6--中建保2025-6保理債權(quán)9.792025/2/25中建保6A91.93%AAAsf2025/12/112.09%中建保6C8.07%NR2025/12/11--惠及4期2025-1小微貸款6.002025/2/25惠及4A88.00%AAAsf2026/12/252.05%惠及4B6.00%AA+sf2027/1/252.20%惠及4次6.00%NR2027/2/25--薈享23號2025-3個人消費金融10.002025/2/25薈享233A87.00%AAAsf2027/1/252.25%薈享233B4.00%AA+fs2027/2/252.29%薈享233C4.00%A-sf2027/2/253.60%薈享233D5.00%NR2027/11/25--安新2025-18汽車融資租賃34.682025/2/2525新18A130.85%AAAsf2025/8/262.29%25新18A249.02%AAAsf2026/8/262.71%25新18次20.13%NR2027/11/26--新長寧2025-3CMBS22.012025/2/2525長寧優(yōu)99.95%AAAsf2043/2/272.20%25長寧次0.05%NR2043/2/27--國蘇2025-1類REITs35.312025/2/25GC國蘇優(yōu)99.97%AAAsf2043/12/282.40%GC國蘇次0.03%NR2043/12/28--通匯（建投）2025-1保理債權(quán)7.022025/2/2525通匯1A94.87%AAAsf2027/10/151.90%25通匯1C5.13%NR2027/10/15--惠民一號個人消費10.002025/2/26惠民1A132.00%AAAsf2026/3/262.15%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）2025-1金融惠民1A258.00%AAAsf2026/10/262.20%惠民1B5.00%AA+sf2026/11/262.30%惠民1次5.00%NR2026/11/26--2B先鋒6號2025-1應(yīng)收賬款12.112025/2/26先鋒6B02100.00%AAAsf2026/3/52.28%聯(lián)保（天風(fēng)）2025-1保理債權(quán)7.982025/2/26G聯(lián)保1優(yōu)89.97%AAAsf2026/1/202.10%G聯(lián)保次10.03%NR2034/7/20--廈貿(mào)三號2025-4供應(yīng)鏈5.322025/2/2625廈貿(mào)1A99.81%AAAsf2026/2/132.58%25廈貿(mào)1C0.19%NR2026/2/13--152025-1小微貸款10.002025/2/265美意5A84.60%AAAsf2026/8/262.23%5美意5B4.64%AA+sf2026/10/262.33%5美意5次10.76%NR2028/2/28--禾昱六號2025-3個人消費金融5.002025/2/26HEYU063A87.00%AAAsf2027/2/261.97%HEYU063B3.00%AA+fs2027/2/262.15%HEYU063C5.00%A-sf2027/2/263.60%HEYU063D5.00%NR2027/2/26--錦融2025-2企業(yè)融資租賃6.542025/2/27錦融02A77.52%AAAsf2027/1/282.24%錦融02B17.43%AA+sf2027/7/282.49%錦融02次5.05%NR2028/2/1--徐工（中金）2025-11企業(yè)融資租賃15.002025/2/27徐租11A150.67%AAAsf2026/2/132.05%徐租11A226.67%AAAsf2027/2/182.07%徐租11A317.33%AAAsf2028/2/182.17%徐租11次5.33%NR2029/10/29--山財2025-1企業(yè)融資租賃9.502025/2/27山財01A152.63%AAAsf2025/12/203.00%山財01A235.26%AAAsf2026/9/203.29%山財01B6.84%AA+fs2026/12/203.80%山財01次5.26%NR2027/9/20--毓鴻1期2025-1個人消費金融8.002025/2/27毓鴻1A84.60%AAAsf2026/8/272.35%毓鴻1B4.40%AA+sf2026/8/272.60%毓鴻1C4.00%Asf2026/8/274.00%毓鴻1次7.00%NR2026/8/27--華電電力2025-3類REITs18.852025/2/2725鹿華A99.95%AAAsf2041/12/202.38%25鹿華C0.05%NR2041/12/20--滿消6號2025-4個人消費金融10.002025/2/27滿消64A170.00%AAAsf2026/3/262.18%滿消64A215.50%AAAsf2026/5/262.28%滿消64B5.00%AA+sf2026/6/122.39%滿消64C4.50%BBB+sf2026/7/104.70%滿消64E5.00%NR2026/11/26--深鐵2025-2基礎(chǔ)設(shè)施收費收益權(quán)20.002025/2/27深鐵2優(yōu)95.00%AAAsf2042/10/152.26%深鐵2次5.00%NR2042/10/15--太澤9期2025-1個人消費金融4.022025/2/27太澤9A131.58%AAAsf2026/1/232.10%太澤9A234.06%AAAsf2026/12/242.15%企業(yè)資產(chǎn)支持證券產(chǎn)品報告（2025年一季度）太澤9A331.33%AAAsf2027/10/222.31%太澤9B3.03%NR2027/12/24--華實3期2025-1應(yīng)收賬款9.852025/2/27華實3優(yōu)99.90%AAAsf2027/1/142.80%華實3次0.10%NR2027/1/14--光環(huán)2025-1基礎(chǔ)設(shè)施收費收益權(quán)5.272025/2/27G25光優(yōu)115.56%AAAsf2025/12/262.20%G25光優(yōu)218.98%AAAsf2026/12/282.30%G25光優(yōu)319.54%AAAsf2027/12/282.28%G25光優(yōu)420.11%AAAsf2028/12/282.28%G25光優(yōu)520.68%AAAsf2029/12/282.28%G25光次5.12%NR2029/12/28--2B中資2024-25應(yīng)收賬款8.902025/2/28工鑫25B2100.00%AAAsf2026/2/272.05%尚亦1號2025-3小微貸款5.002025/2/28尚亦013A86.00%AAAsf2026/2/272.30%尚亦013B4.00%AA+fs2026/2/272.40%尚亦013C5.00%AA-sf2026/2/273.50%尚亦013D5.00%NR2026/9/28--金采6號2025-4小微貸款10.002025/2/28金采陸4A90.00%AAAsf2026/2/272.20%金采陸4B10.00%NR2026/9/28--金控2025-3保理債權(quán)2.952025/2/28金控3A99.66%AA+sf2026/2/32.40%金控3B0.34%NR2026/2/3--海云1期2025-1保理債權(quán)2.502025/2/28海云