Chinese Banks To Issue Asset-Backed Securities With Bad Loans

debt000404Chinese banks will soon embark on the path of managing its bad loans with securitization, as Bank of China and China Merchants Bank revealed plans to issue asset-backed securities (ABS) next week. The issuance will be the first such deal since 2008, as Chinese regulators are increasingly promoting the ABS market as a way to […]

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Read the original article: China Money Network