China Development Bank (CDB) announced that it had successfully floated its second batch of asset-backed securities products for this year on Monday, raising a total of 10.824 billion yuan.
To date, the CDB has issued two batches of asset-backed securities products since the start of this year, raising 17.9 billion yuan in total. Invigorated loans will be mainly invested in key construction areas, such as railways and shantytown renovation, to support the development of real economy. As a pioneer in China's asset securitization area, the CDB has floated 16 batches of asset-backed securities products since 2005, valuing at 143.077 billion yuan, and takes up a market share of 30.08 percent.
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