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.