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China issues ABS backed by foreign-invested enterprises' account receivable

BEIJING
2015-07-30 10:14

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China recently successfully launched its first batch of asset-backed securities (ABS) backed by foreign-invested enterprises' account receivables.

The product, initiated by Sinolink Securities and Sinar Mas Group, was quoted on the Shanghai Stock Exchange for trading on Wednesday. The auction amounts of the ABS product stood at 1.21 billion yuan. The securities were categorized into primary and secondary assets-backed securities.

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