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ChinaChina Securitization

SAIC-GMAC fast-tracks 2021 auto ABS issuance

car key contract_575px_adobe_23Jul20

SAIC-GMAC Automotive Finance Co has wasted no time in making its second appearance in China’s onshore auto loan ABS market this year, selling a Rmb10bn ($1.55bn) Rongteng 2021-2 transaction on Monday.

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