In fact, the choice of issuing place mainly considers the needs of investors and the preference of issuing place for basic assets. Not all bonds are issued on the exchange. The issuance of trust beneficiary abs in the exchange is mainly based on the requirements of funders. Some funders need product standardization. Standardization will have to be published on the exchange.

One of the limitations of trust companies to do ABS is that due to the existence of two sets of supervision systems in the ABS market, the ABS of trust company customers cannot directly issue ABS products on the exchange through the trust plan. Therefore, the trust company transfers the beneficial right of the trust plan to the asset management plan of the securities firm or fund subsidiary, and ABS products can be listed on the exchange through the asset management plan.