Ford plants growing seeds in China

By Matthew Scully
29 May 2014

Western style securitization is still in the early days of development in China, but Ford Motor Credit is leading international car makers' efforts to deepen their ties with the world’s largest automotive market, following a government initiative to decrease reliance on bank financing.

The Chinese arm of Ford Automotive Finance this week closed the first asset backed securitization under a pilot program envisaged by the Chinese government. China International Capital Corp, one of the country’s largest investment banks, served as lead underwriter.

“Securitization is ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial