Asset securitisation is key for Chinese banks, exec says

11/18/2012 | Wall Street Journal, The

Slower profit growth is posing a problem for Chinese banks as they prepare to meet Basel III standards, but a renewal of asset securitisation is a promising development, Industrial and Commercial Bank of China Vice President Li Xiaopeng said. A pilot securitisation programme was launched in May, and it should help as Chinese banks face pressures to support 8% economic growth, which would require bank loans to increase at least 15% annually, Li said.

View Full Article in:

Wall Street Journal, The

Published in Brief: