久久精品30_一本色道久久精品_激情综合视频_欧美日韩一区二区高清_好看的av在线不卡观看_国产自产精品_91久久黄色_午夜亚洲福利_欧美黄在线观看_国内自拍一区

On Monday two Chinese state-owned asset management companies issued a total of 3.7 billion yuan (US$474 million) of asset-backed securities (ABS) for non-performing assets. The ABS issuance was approved by the People's Bank of China and the China Banking Regulatory Commission (CBRC).

 

This is the first time China has issued securitized products for non-performing assets and also the first move into the non-performing assets sector since the China Development Bank and China Construction Bank issued ABS last year.

 

China Cinda Asset Management Corp. issued three-billion yuan of ABS and the China Orient Asset Management Corp. 700 million yuan. The ABS can be traded in the inter-bank bond market and all investors in the market can invest in the newly issued securities.

 

Experts say the issuance of this type of security would make the handling of non-performing assets more efficient, stimulate the market and help reduce risks in the financial system.

 

According to CBRC statistics the country's four state-owned asset management companies of China Huarong Asset Management Corp., China Great Wall Asset Management Corp., Cinda and Orient had handled a total of 866.3 billion yuan of non-performing assets by the end of March. Approximately 180.5 billion yuan was retrieved which is 20.84 percent of the total.

 

(Xinhua News Agency December 19, 2006)