China Development Bank will sell $1.6bn in asset-backed securities this week, the country’s biggest securitisation deal, and its first in three years.
China had barred the sale of asset-backed securities in 2009 when the global financial crisis sullied their reputation.
But after a recent boom in lending, Chinese banks need to free up balance sheet space, and parcelling loans to investors via securitisation is likely to be a vital part of the process.
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