New rules to spur China ABS

摘要

China's new issuance guidance for consumer loan ABS should pave the way for a deepening of the market, as the country shifts towards a consumer-led economy. The information-disclosure rules open the fast-track registration system to consumer loan securitisations from commercial banks and consumer finance firms. This is the fourth such set of rules the National Association of Financial Market Institutional Investors has published, following guidance on auto ABS, RMBS and urban redevelopment loan ABS.