What NAFMII's asset-backed MTNs mean for securitisation in China

August 08, 2012 | BY

clpstaff &clp articles

China's National Association of Financial Market Institutional Investors (NAFMII) has released draft rules for a securitisation instrument for non-financial issuers

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NAFMII's asset-backed medium term notes (ABN) are receiving a more positive response from the market than PBOC's asset-backed securitisation (ABS) instrument, announced in March.

While financial institutions are still waiting for their individual quotas in the 50 billion total in yuan ABS issuances, NAFMII's ABNs are moving forward.