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Asset-backed securitizations of.........>

CHINA PRESS: Asset-backed securitizations of public-private partnerships should
not become a tool for leveraging and borrowing, Zeng Hui, a Financial Markets
Department official at the People's Bank of China, said Thursday in Shanghai
during a financial forum, Caixin reported. Asset-backed securitizations of PPPs
should serve the real economy and not just circulate inside the financial
system, Zeng noted. The priority in offering asset-backed securitization
products is to prevent risks, and the relevant transactions must be in line with
the requirements and guidelines of macroeconomic policies, Zeng stressed.

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