China Launches Largest ABS Deals to Date

The Bank of Jiangsu has raised a combined 40 billion yuan ($5.8 billion) for two investment funds slated for the ABS market in China, as more and more financial institutions turn to securitization to expand their funding sources, according to a South China Morning Post article.

The two deals, each 20 billion yuan ($2.9 billion), will specialize in securitized consumer and real estate loans.

According to the article, they are the largest ABS deals to date on the mainland, where securitization is growing quickly in line with Beijing's efforts to de-leverage an economy saddled with increasing bad-loan risks.

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