Consumer finance asset-backed...........>

CHINA PRESS: Consumer finance asset-backed securities have developed rapidly

under the strict supervision of financial regulators, China Securities Journal

reported Wednesday. At the end of September, CNY190 billion in consumer finance

ABS had been issued. Chinese exchanges require issuers to have healthy balance

sheets and good risk controls to keep risky companies from entering the market,

the newspaper said. The Chinese consumer finance ABS issuers are mainly leading

companies in consumer lending such as Alibaba's Ant Financial and JD Finance of

JD.com. Chinese authorities have issued strict rules to stop illegal assets from

being used in ABS instruments to ensure order in the sector. (China Securities

Journal)