test


Member ID:
Password: 
Stay logged in for 30 days
Forget Your Password?
close

login CCFGroup App

Economy | Time:Apr 21 2017 4:18PM
China allows more banks to securitize non-performing assets
 
Text size
(Xinhua) -- China has expanded a pilot program to allow more domestic banks to issue securities backed by non-performing assets, Xinhua-run Shanghai Securities News reported Tuesday.

Commercial banks including China Minsheng Bank, China Everbright Bank, and China CITIC Bank were among the institutions recently selected for the program, the newspaper reported.

China started a pilot program for non-performing asset securitization in 2016, allowing five state-owned banks and China Merchants Bank to repackage non-performing assets into securities to meet the demand of investors with different risk preferences.

By the end of 2016, 14 securitization products had been issued with a total value of 15.6 billion yuan (about 2.3 billion U.S. dollars), covering 46.1 billion yuan of underlying non-performing assets, Ji Zhihong, head of the financial market department of China's central bank, said in a report published Tuesday.
Related Articles
China to support capable businesses to invest overseas
Consumption to bolster GDP growth
China's service exports expand fast in 2017
China's inflation growth likely to moderate: report
China's central bank skips open market operations
Economic Watch: Policies released on China's rural vitalization
China's fiscal revenue up 7.4 pct in 2017
Belt and Road development makes solid progress in 2017
Local economic data show progress in high-quality development
Supply-side structural reform main task of China's economic policy:
 
Research
Development of nylon 6 flat filament market
China's coal-based MEG market in 2017
Brief introduction of VSF overseas markets
 
 

浙公网安备 33010902000742号