China ABS volume set to top 2018 record as growth continues

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By Addison Gong
03 Oct 2019

China’s asset backed securities (ABS) market has had a stellar year so far, with volumes jumping thanks to a big push from the regulators. But it’s not just a numbers story. The depth of the market has also improved, with better secondary liquidity and more offshore participation.

The onshore China ABS market recorded 922 new deals totalling Rmb1.5tr ($210bn) during the first nine months of the year, according to data compiled by Wind. This is a 15.8% increase year-on-year. While there is still a gap of around Rmb550bn compared to the full year 2018 volume, ...

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