UPDATE 1-China simplifies process for issuing asset-backed securities

April 3, 2015 9:42 AM

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BEIJING, April 3 (Reuters) - China's central bank is introducing a registration system for companies that issue asset-backed securities (ABS) to simplify the process and increase transparency in the sector.

China has cautiously encouraged greater use of ABS in recent years to provide firms with more channels to raise funds and deepen the country's financial market.

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