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Dear guests and colleagues,
Good morning!
I’m very pleased to participate in this listing ceremony. On behalf of SZSE, I would like to extend congratulations to the Orient Securities-Alibaba asset securitization plans as well as a warm welcome to all presented guests.
By integrates the Internet and financial service, forming a big data platform based on E-commerce, AliFinance provides small, fast and flexible loan service to small and micro-sized enterprises. It is a successful exploration for financing channels for small and micro-sized enterprises. Orient Securities Asset Management securitizes the small loans of AliFinance, revitalizes the assets and continuously expands the scale of small loan business. It makes it possible to form a sustainable financial services model supporting small and micro-sized enterprises. AliFinance and the asset-backed securitization of Ali small loans are of exemplary significance for innovations in business models and the financial market.
Currently we are at the crucial stage of economic transition where financial support plays a significant role. It remains an important task solving the financing issue for small and micro-sized enterprises in order to push forward the economic transition and unleash the power of our society. In Guiding Opinions on Financial Support for Economic Restructuring and Upgrading issued in July, the State Council made it clear that we should support small and micro-sized business and promote economic restructuring by revitalizing the existing assets. The State Council Executive Meeting on 28th August further proposed of expanding the pilot program of asset-backed securities. Based on asset-backed securities, we should guide the credit flow to skew toward the week links and important areas of our economy, especially to rural economy and small and micro-sized business. The listing of the Orient Securities Asset Management-Alibaba Special Asset Management Plan is a successful attempt. It not only serves as a breakthrough in micro-credit asset-backed securitization, but also ushers in a new channel for the multi-tier capital market to directly serve small and micro-sized business and better support development of the real economy.
We must serve small and micro-sized enterprises, promote the coverage expansion of modern financial services to benefit the general public and the weak links of economic and social development. The measures above are conducive to the general objective of achieving steady growth, increasing employment, adjusting structure and advancing reform. It is also conducive to the realization of social justice, which also echoes with the call of our era. SZSE has been dedicated to building a multi-tiered capital market serving small and micro-sized enterprises, guiding the social capital flow, and advancing innovations of funds, PEs, micro-lending and bonding companies. We strive to build a comprehensive financial service system to support small and micro-sized enterprises, thus to enhance the coverage, penetration and inclusiveness of the capital market to better serve the real economy.
SZSE has attached great importance to the innovative business of asset-backed securitization, and deemed it an important foundation for enhancing the multi-tiered capital market’s inclusiveness and service capacity. SZSE maintains a robust professional team and proactively seeks pilot project opportunities with the industry. The successful listing of the Alibaba small loan securitization not only provided valuable experience, but also serves as an encouragement and testing for our previous efforts. SZSE has made sound preparations in respects of trading mechanism, risk management and investor suitability. We hope to work together with regulatory departments and social sectors, widen the scope and deepen the depth of asset-back securitization innovations, and bring its role into full play in supporting the real economy.
At last, I wish a greater success in the launching and operation of Orient Securities Asset Management-Alibaba securitization products!
Thank you!
