China’s asset-backed securitization sees rapid growth: report
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BEIJING, Jan. 28 (Xinhua) -- China's asset-backed securities (ABS) market saw tremendous growth last year, driven by a rise in issuance of consumption-related securitizations, a report showed.
In 2017, the volume of new issuances surged 64.7 percent to about 1.5 trillion yuan (about 236 billion U.S. dollars), making China the world's second largest securitization market in terms of new issuance volume, according to a report by Pengyuan International, a credit rating company.
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Source : China's asset-backed securitization sees rapid growth: report