CHINA MONEY-ABS market set to explode as Beijing activates idle assets

April 22, 2015 6:16 AM

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SHANGHAI, April 22 (Reuters) - Issuance of Chinese asset-backed securities (ABS) could triple to more than $160 billion this year, reactivating huge assets now mouldering on bank books, as Beijing streamlines procedures for firms to securitise receivables.

By making it easier for banks to repackage and resell receivables - such as loan repayments on mortgages, car loans and credit cards - the government hopes to free up banks' balance sheets so they can lend more to the real economy.

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