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China's asset-backed securitization.....>

CHINA PRESS
MNI (Beijing)
CHINA PRESS: China's asset-backed securitization (ABS) will expand at a rapid
pace benefitting from the new rules on assets management, the China Securities
Journal reported Tuesday. 
 - More than CNY1 trillion ABS products were sold in 2017, the first time ever,
Journal cited China Central Depository & Clearing Ltd. 
 - As the new rule will enhance restriction on non-standard products, the
high-yield standard products including ABS will be more attractive: Journal. 
***Comment: As regulators crack down on illicit off-balance-sheet transactions,
ABS will be an effective channel for financial institutions to move assets out
of the balance sheet.

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