On August 15, Beijing Energy International successfully completed the rollover issuance of the second asset package of its National Subsidy Receivables Asset-Backed Commercial Paper (ABCP). The issuance amounted to RMB 960 million, with a coupon rate of 1.74%, marking the lowest direct financing rate in the company’s history and fully reflecting the capital market’s strong recognition of the company. 

As a key measure of the company’s financing innovation, the ABCP uses renewable energy subsidy receivables from its affiliated new energy power plants as the underlying assets, effectively revitalizing funds through securitization. It serves as a key tool for lowering the pressure in accounts receivable and inventory and optimizing the company’s asset-liability structure. Since its debut in 2022, the ABCP program has undergone multiple additional and rollover issuances, with the current outstanding balance approaching RMB 4 billion.

In addition, the company has integrated the rolling issuance of ABCP with digital RMB application scenarios, pioneering the use of digital RMB wallets to receive issuance proceeds. This innovation has significantly improved settlement efficiency, reduced transaction fees, and provided a successful case of applying financial technology in the field of asset securitization.