ecns [expanded by feedex.net]: No worry about asset backed securitization in China: central bank

ecns [expanded by feedex.net]

ecns

No worry about asset backed securitization in China: central bank
http://www.ecns.cn/business/2016/03-12/202625.shtml
Mar 12th 2016, 11:28


The market of asset-backed securitization (ABS) is quite small in China and risks can be prevented through better oversight and transparency, central bank governor said on Saturday. [Special coverage]
Responding to queries about the bank's ABS practice which might transfer risks in non-performing assets to other market players, Zhou Xiaochuan, governor of the People's Bank of China, said it is a "market practice," and buyers are able to assess the risks.
China's ABS started "relatively late" and the mortgage-backed securitization would be among the country's first step in tryouts, Zhou said at a press conference on the sidelines of the national legislature annual session.
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China speeds up information sharing to boost financing efficiencyChina resumes nonperforming asset securitizationLenders to issue more asset-backed securitiesChinese banks given nod to start asset-backed securities sales




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