CMB seals NPL securitization return with micro loans

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By Rev Hui
30 Jun 2016

China is pushing on with the development of its non-performing loans securitization market, which only restarted last month, with China Merchants Bank (CMB) sealing the asset class’s third transaction.

NPL securitization only reappeared in China in May following an eight year absence when Bank of China (BOC) as well as CMB executed the first two transactions worth a combined Rmb534m ($81.1m).

But unlike those deals, which were backed by corporate loans (BOC) and personal credit card loans ...

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