The plan manager is in the core position, on the one hand, it is determined by its responsibilities, on the other hand, it also reflects that other institutions are entrusted by the plan manager to perform their duties according to the requirements of the plan manager.

Previously, the trust mainly played a channel role in enterprise ABS, and then the trust company could directly participate in the project as an enterprise ABS manager. The legal protection of trust plan in bankruptcy isolation is stronger than the special plans of securities companies and fund subsidiaries, which is conducive to investor protection and healthy market development.

Financial ABS refers to a kind of debt-like tradable securities-a kind of tradable securities supported by basic assets (specific asset portfolio or specific cash flow) and issued in the form of bonds. As a new investment and financing tool, asset securitization has developed rapidly in recent two years.

ABS financing mode is a securitization financing mode supported by project assets, that is, based on the assets owned by the project and guaranteed by the expected income of the project assets, financing is carried out by issuing bonds in the capital market.

A core competitiveness of consumer finance is the capital cost of borrowing. Because it can't absorb public deposits, various consumer financial institutions are trying to find low-cost sources of funds, and ABS is one of them.