Interest in securitization growing in China

Morgan Stanley tie-up with China Construction Bank signals growing demand for ABS products in PRC.

As part of the agreement between Morgan Stanley and China Construction Bank CCB to jointly handle the resolution of an RMB4.3 billion $520 million portfolio of non-performing assets originated by the former, the US investment bank will train CCB on how securitization may be used in the disposal of distressed assets.

In response to a question on whether that might mean the two sides actually doing a deal at some point, an official at Morgan Stanley told FinanceAsia that it is too early to say. It may be a relevant future step but there is nothing at the table right now, he says. At the moment it is more a case...

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