China Gives Green Light For ABS Interbank Trading

11 Oct 2007

China has given the green-light to the repurchase trading of asset-backed securities in the interbank market in a bid aimed at promoting the securitization of bank assets.

-- Daniel Flatt

China has given the green-light to the repurchase trading of asset-backed securities in the interbank market in a bid aimed at promoting the securitization of bank assets. Under the new regime, holders of asset-backed securities can use a repurchase agreement to raise cash by pledging the ...

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