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.
CCB's RMBS i
The week on Risk.net, July 7-13, 2018Receive this by email