Resumen de China's ABS default prompts NPL securitisation fears.
The article reports on the first default on asset-backed securities (ABS) witnessed by China in September 2016. It is noted that quotas for the issuance of loan-backed ABS have been issued by the China Banking Regulatory Commission (CBRC) recently. Comments of Rose Zhu, partner at Cadwalader Wickersham & Taft in Beijing regarding ABS are also given.
