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China's asset securitization is overall stagnation or slow development of the state in the past 20 years. Taking three types of asset securitization for example, China's commercial banks credit asset securitization issued 21 credit asset securitization products by ￥86 billion as of 2012. Second, China's infrastructure asset securitization, as of March 2013, 7 companies to complete the ABN Dealers Association filed applications with a total amount of ￥7.2 billion. Finally, China Leasing Company Asset Securitization issued 4 products, all those three combined total amount of only ￥100 billion.
The Gap between U.S. and China is bringing contrast and progress for us. In August 28, 2013, Chinese Premier Li Keqiang chaired a State Council executive meeting, decided to further expand the pilot securitization of credit assets. The latest issue of asset securitization pilot-scale is about ￥200 billion. According to conservative estimates, the current Chinese actionable and realistic motivated credit asset securitization size is more than ￥10 trillion. Credit loans, guaranteed loans, small micro-enterprise loans, car loan package are the most suitable assets for securitization.
Liquidize remnant assets and use good increment alive is crucial. The approval of China (Shanghai) Free Trade Zone is aiming to build the platform for foreign investors.
Finance reform is necessary and urgent. Financial institutions are imperatively to need innovative business model to enhancing profitability and competitiveness. Here we are in honor to invite you join our China Securitization Congress 2014 in Shanghai. Let us witness and strive to create a Chinese asset securitization new era together.
请咨询展会组织方。
请咨询展会组织方。