In the spring of 2004, China's largest commercial bank struck a deal with Credit Suisse First Boston, CITIC Securities and China Credit Trust to securitize a portfolio of RMB2.6 billion ($322 million) in non-performing loans.

The loans originated by the Industrial & Commercial Bank of China's Ningbo branch.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.