Recently, the "9th CNABS Asset Securitization Annual Conference & 9th CNABS Golden Osmanthus Awards Ceremony" was held in Shanghai, hosted by China Chengxin Credit Rating Group and CNABS, with support from various professional institutions in the industry.
SY Information Technology Services (Shenzhen) Co., Ltd. ("SY Tech"), a wholly owned subsidiary of SY Holdings Group Limited ("SY", Stock Code: 6069.HK), was honoured with the "Most Innovative Breakthrough Product Award" at the Golden Osmanthus Awards for its technological support in industrial ecosystem integration and digital RMB innovation. This contribution facilitated the successful issuance of the "Yongxing-GuoFu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan (Specialized and Sophisticated SMEs)".
Launched in 2016, the CNABS Golden Osmanthus Awards have become a prestigious recognition in China's asset securitization sector, celebrating enterprises, organizations, and individuals that have made significant contributions to the field with their high professionalism and industry influence.
The award-winning "Yongxing-GuoFu-Ningbo Intellectual Property Phase 1 Asset-Backed Special Plan" was listed on the Shanghai Stock Exchange with an initial issuance scale of RMB 138 million, a one-year tenor, and a coupon rate of 2.2%. Rated AAA for its senior tranche, this groundbreaking product represents China's first intellectual property securitization project utilizing digital RMB and marks Ningbo's inaugural intellectual property securitization initiative.
Ningbo Guofu Commercial Factoring Co., Ltd. ("Guofu Factoring"), as the originator of this project, leveraged SY Tech's ecosystem integration capabilities to onboard 11 high-tech enterprises into the asset pool, including five national-level "Little Giant" specialized and sophisticated SMEs. SY Tech's technical support in digital RMB smart contract integration and innovative applications enabled Guofu Factoring to achieve China's first "Digital RMB + ABS" project, setting a practical model for SMEs to connect their patent achievements with capital markets, expand financing channels, and reduce operational costs.
As the central bank's digital fiat currency, digital RMB serves as critical financial infrastructure in China's digital economy upgrade. Since the pilot launch in 2020, SY has actively explored innovative applications, achieving milestones including Zhejiang's first "Digital RMB + Factoring" transaction, the industry's first "Digital RMB + Smart Contract + Charity Donation," and pioneering wage disbursements for construction workers via digital RMB smart contracts.
In asset securitization technology services, SY Tech has developed an innovative end-to-end service model that extends beyond traditional asset aggregation. Covering project preparation, multi-party coordination, regulatory filing, asset screening, risk control, online operations, investor matching, and revolving asset purchases, this approach demonstrates SY Tech's robust platform integration and technological innovation capabilities.
As of June 30, 2024, SY Tech has facilitated cumulative ABS shelf registration exceeding RMB 62 billion and ABS issuance surpassing RMB 23 billion. Moving forward, SY will continue enhancing asset securitization services and exploring innovative models to channel more inclusive financial resources to SMEs.
