Date
21 October 2017

PBoC to approve credit assets for securitization, paper says

The People’s Bank of China (PBoC) plans to approve a total of 400 billion yuan (US$65.63 billion) worth of banking credit assets for securitization by June 2014, the China Securities Journal reported Monday, citing unnamed sources. The central bank said it welcomes proposals from commercial banks, trust firms and car financing companies, and will assign quotas based on each applicant’s business plan. The PBoC could start approving proposals as soon as February 2014, the report said.

– Contact HKEJ at [email protected]

EL/AC/SK

 

EJI Weekly Newsletter

Please click here to unsubscribe