Shanghai Achieves First National Asset-Backed Notes for Time-Honored Enterprises

This article is reprinted from Bincheng Times

News Report (Reporter Zhan Qi): Recently, under the guidance of the People’s Bank of China Tianjin Branch and led by Tianjin Bank, the “Tianjin Old Brand Enterprise First Phase of Targeted Asset-Backed Notes for Tianjin Old-Brand Enterprises of Tianjin Jinjin International Commercial Factoring Co., Ltd. 2026” successfully issued. The issuance scale was 400.1 million yuan with a term of 3 years, and the senior products were credit-enhanced by Tianjin Guokang Credit Enhancement. This project is the first asset-backed note for old-brand enterprises nationwide, with the issuer being 10 Tianjin old-brand companies holding the titles of “China Time-Honored Brand” and “Jinmen Time-Honored Brand,” some of which have nearly a century of history.

Since the beginning of this year, the People’s Bank of China Tianjin Branch has actively guided bond market funds to increase support for the real economy. This issuance of notes is an important practice of the capital market supporting the revitalization of Tianjin’s industrial old brands, providing a “timely rain” during the peak stocking season for Tianjin’s old-brand enterprises, expanding their financing channels, and exploring a replicable and promotable “Tianjin Path” for asset securitization of old-brand enterprises nationwide. It marks a solid step forward for Tianjin in exploring the capitalization of cultural resources and the securitization of brand assets.

It is understood that next, the People’s Bank of China Tianjin Branch will guide the lead underwriters to intensify efforts in “visiting enterprises and understanding needs,” actively promote the implementation of innovative products, and empower Tianjin’s industrial revitalization and new productive forces development through the interbank bond market.