China gives six banks quotas for bad loan securitization

February 25, 2016 9:35 AM

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BEIJING Feb 25 China has granted six large domestic banks quotas to issue asset-backed securities (ABS) with non-performing loans as underlying assets, two sources with direct knowledge told Reuters.

The six banks are Industrial and Commercial Bank of China Ltd (ICBC) , China Construction Bank Corp (CCB) , Agricultural Bank of China Ltd (AgBank) , Bank of China Ltd (BOC) , Bank of Communications Co (BoCom) and China Merchants Bank Co , the sources said.

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