Abstract : China Banking Association said Monday that a total of 15 automobile finance companies issued 32 asset-backed securities (ABS) with a cumulative scale of more than 150 billion yuan in 2019, up 49 percent year on year.
BEIJING, Sept. 8 (Xinhua) -- China Banking Association said Monday that a total of 15 automobile finance companies issued 32 asset-backed securities (ABS) with a cumulative scale of more than 150 billion yuan in 2019, up 49 percent year on year.
Five auto finance companies issued seven financial bonds, totaling 14.5 billion yuan, according to a report on China's auto finance indsutry development in 2019 released by the association. (Edited by Yan Yulan, Niu Huizhe with Xinhua Silk Road, niuhuizhe@xinhua.org)
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Keyword:
Asset Backed Securities
auto finance companies
