SINGAPORE - Attendees at last week's Securitization World Asia 2005 event, hosted by Terrapinn at the Grand Hyatt Hotel, were in the mood to celebrate following a successful year for the region's ABS scene. The outlook is bright as well, with Korean cross-border issuance again at the forefront, domestic markets in Malaysia and Taiwan blossoming, and the long-awaited entry of China into the business.

"The market has come a long way since the early 1990s," observed market veteran Leland Sun, who, following stints at Goldman Sachs, Bear Sterns and the Hong Kong Mortgage Corp., is now CEO at the Pan-Asian Mortgage Co. "The investor scene was dominated then by commercial banks and a few private banking clients, but has now broadened to include insurance companies, hedge funds, pension funds and central banks, which is hugely positive."

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