Asset-Backed Securities
April 9, 2018

When, in May 2016, Beijing first allowed banks to package nonperforming loans (NPLs) into asset-backed securities (ABS), it was greeted as an important new tool for helping banks clean-up their balance sheets. After almost two years, however, the issuance of NPL ABS remain relatively thin. In fact, the total value of bad loans packaged into ABS in the whole of 2017 was less than… READ MORE