Great Wall parks internationally rated ABS with investors
Chinese auto finance company Tianjin Great Wall Binyin Automotive Finance Co got an international rating yet again for its return to the auto loan asset-backed securities market, a move that bankers say is in line with its ambitions to becoming more global.
The originator, Great Wall Automotive Finance, is nearly 94.3% held by Hebei-headquartered Great Wall Motors Co. The automaker, listed in both Hong Kong and Shanghai, had been China’s top SUV manufacturer by sales for 10 consecutive years as of the end of 2019. Tianjin Binhai Rural Commercial