16 September 2019

SSE to expand underlying asset classes, website reports

The Shenzhen Stock Exchange (SSE) is working on expanding the categories of underlying assets for securities, with as many as 26 projects planned for asset securitization under review, news website reported Thursday, citing SSE chief executive Song Liping as saying. These assets include sewage disposal, toll expressways, theme park admission fees, as well as credit assets of banks, finance leasing, business property leasing and income generated from new energy sources. China has conducted three rounds of asset securitization since 2005. As of the end of June, 89.6 billion yuan (US$14.728 billion) has been rolled out in securitized assets on the interbank market, an amount that comes to less than 0.1 percent of the total assets of China’s commercial banks, the report said.

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