As further evidence of the state's commitment to developing securitization in the People's Republic of China, the state bank, People's Bank of China, last week published new ABS guidelines on its Website.

Heads of Asian ABS at foreign investment banks were still studying the guidelines to see what assets may or may not be securitized under the rules, prior to commenting on what hurdles still lay ahead. Even so, the initial consensus was that it is a positive first step towards establishing a proper framework for issuance.

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