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Article: Asia: China - Securitisation Makes Headway - With The Relevance Of Developing A Securitisation Market In China Unclear And Demand In Doubt, A Second Batch Of Pilots Is Nevertheless In The Offing. Samantha Lafferty Reports.
- Article from:
- The Banker
- Article date:
- February 1, 2007
- Author:
CopyrightCOPYRIGHT 2007 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SAMANTHA LAFFERTY
When China Development Bank and China Construction Bank won approval to securitise assets in 2005, it was mooted as the regulatory strike that would ignite the market in China. Then, for almost a year, everything went quiet and the experiment was dismissed as little more than a flag-flying exercise. Now, Chinese regulators are in the throes of giving the nod to as many as 10 domestic banks and asset management companies.
After several false starts, industry experts are confident that this next batch of trials will be the catalyst for a genuine securitisation market in the world's fastest-growing economy. "It is highly likely ...