Agricultural Bank of China (ABC) - one of the People's Republic's Big Four' state-owned commercial banks - last week announced its intention to begin a trial securitization program later this year. The bank, which manages 13% of China's banking assets, believes ABS will boost management practices and raise capital efficiency.

In a statement issued to local media, the Beijing-headquartered bank said: "Selling asset-backed securities is a key issue on the lender's products innovation schedule this year. It is significant for our restructuring and will improve our competitiveness to fight against other players."

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