Global banks look for profits in China ABS market
Regulatory change provides opportunity for international firms' structuring skills as China ABS market gets ready to expand dramatically
A regulatory relaxation of China's fast growing asset-backed securities (ABS) market has prompted a number of global banks to look into the sector, a move that could be a new profit driver for their activities in China, according to market players.
In November 2014, the China Banking Regulatory Commission announced that the issuance of securitised products no longer needs to be approved on an individual deal basis; instead, a streamlined registration process has been introduced that aims to
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