Regulations not keeping pace with asset-backed securities

According to Caixin, Chinese authorities are growing cautious toward structured notes backed by nonbank debts and receivables. More companies in China have in recent years packaged their receivables and loans in what the regulators here called “corporate” asset-backed securities (ABSs). As of the end of June, corporate ABSs for the first time took over so-called “credit” … http://bit.ly/2gLyeJR

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