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Regulators are expected to tighten......>

CHINA PRESS
CHINA PRESS: Regulators are expected to tighten controls on consumer loan
asset-backed securities as issuance of those instruments in the exchange market
has surged by five times in the past year, the Economic Information Daily
reported Monday. The new issuance of consumption finance This year, ABS has
accounted for over 30% of total newly-issued ABS of CNY1 trillion as of Nov, 23.
But a large amount of these ABS have been issued in the exchange market, which
means they are out of the control of authorities, the report noted. This could
trigger default risk due to lack of transparency, poor risk assessment as well
as weak risk controls by issuers, the report warned. (Economic Information
Daily)
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