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

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

5 minute readAugust 08, 2012 at 12:58 AM

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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.

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