China ABS: Liquidity boost lifts FAF’s floating combo

Noah Sin

April 24, 2018 03:00 am

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Fortune Auto Finance sold two floating tranches in China’s securitization market on April 20. It captured the onshore market’s optimism on the back of the People’s Bank of China’s announcement last week to release extra liquidity through a reserve requirement ratio (RRR) cut.

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Topics

China Asia Greater China China Bonds Bank of China Northeast Asia Guotai Junan Securities Co China Asia Pacific Securitization ABS Emerging Markets China Securitization

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Noah Sin