This fall, one of the two big bank securitization projects in progress is the MBS project of China Construction Bank. The Special Purpose Trust that will handle the underlying assets of the securitization is the CITIC Trust Co., based in Beijing.

CITIC has 80 employees and, as of the end of 2004, RMB8.6 billion ($1.06 billion) in total entrusted assets. It is part of the CITIC Group, a state-owned conglomerate, formerly known as the China International Trust & Investment Corp.

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