As Chinese real estate developers feel the squeeze from tightened liquidity while Beijing manages financial risks, China’s home-builders have turned to asset-backed securities (ABS) to access much needed financing to live through the current credit drought. Chinese developers have issued a total of RMB320 billion (US$47 billion) ABS products since 2016, about 95.3 billion (US$14 billion) were issued in the first half of this year, according to a report by Tianfeng Securities. Tianfeng Securities expects developers will expand their ABS …

Chinese Real Estate Developers Turn To Asset-Backed Securities To Live Through Credit Drought appeared first on China Money Network.