China's asset-backed securities market expands despite worries

Up to 300 billion yuan (HK$380 billion) of ABS will be issued by mainland banks in the near future, bankers say, as the central government encourages lenders to finance new projects with funds from sales of loan-backed securities.

via Business feed http://www.scmp.com/business/banking-finance/article/1306573/chinas-asset-backed-securities-market-expands-despite