Australia's Macquarie Group was last week linked with what would be China's first commercial mortgage-backed securitization. According to local media, Macquarie is preparing a RMB1 billion ($124 million) deal that will be secured by its interests in several properties located in Mainland China.

These include the nine shopping malls Macquarie bought in July 2005 for $93 million, as well as equity holdings in at least three other properties.

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