China Development Bank (CDB) is in talks with Australia's Macquarie Bank over a securitization of infrastructure loans, according to media reports. CDB's governor Chen Yuan was quoted as saying Macquarie was a logical choice of partner given its experience with infrastructure financing and the international markets.

CDB, along with China Construction Bank, kick-started China's securitization market at the back of last year with the completion of the official recognized pilot schemes (ASR, 1/9/06). The bank has so far issued RMB10 billion ($1.3 billion) on the domestic Interbank market from its CLO program.

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