Chinese Banks Turn To Asset-Backed Securities To Deal With Rising Bad Credit Card Loans

Asset-backed securities (ABS) with underlying assets of credit card bad loans are on the rise in China, as 14 ABS backed by credit card bad loans totaling RMB4 billion (US$610 million) were issued from 2016 until the end of April 2018. A pilot program were introduced in 2016 to experiment this approach to manage credit card bad loans.

China Money Network

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