Dave Knell, former head of Asian asset securitization at Banque Paribas in Hong Kong, has recently joined Deutsche Bank as a director of securitization in Hong Kong.

China's central bank, the People's Bank of China, has mandated its Shanghai branch to carry out a feasibility study on residential mortgage securitization, according to local press reports. Results of the study are expected to lay the groundwork for a domestic secondary mortgage market, allowing banks to sell their mortgages to government agencies and investment banks that will repackage them into mortgage-backed securities.

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