Chinese banks launch securitisation schemes


China Construction Bank (CCB) and China Development Bank (CDB) have become the first banks in the country to launch securitisation schemes. CCB has issued 3 billion renminbi ($373 million) worth of residential mortgage-backed securities (RMBSs) and CDB 4.18 billion renminbi of asset-backed securities (ABSs) based on infrastructure loans.

Both issues were sold to participants in China's interbank market, and the notes will start trading in the interbank bond market in a few months.


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