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Chinese asset-backed securities (ABS)...>

CHINA PRESS: Chinese asset-backed securities (ABS) issuance has boomed this
year, the 21st Century Business Herald reported Wednesday. As of September 26,
CNY171.3 billion in ABS had been issued, more than four times the volume in the
same period last year and more than twice the full-year volume last year, the
newspaper said, citing data from China Securitization Analytics, an industry
website. The main reason for the ABS boom is government's increasingly strict
controls on the property sector, leading capital to look for opportunities in
the real economy, the newspaper said. The report also cited an expert noting
regulators in general are encouraging ABS but arguing they should given more
consideration to  whether ABS truly boost consumption.

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