China Plans Further Capital Market Reforms – Credit Asset Securitization

China plans further capital market reforms – credit asset securitization: "Xie Duo, director of the People's Bank of China said on Friday it would proceed with plans to introduce credit asset securitisation into financial markets (securitisation is a tool where various assets are pooled together and processed into marketable securities). Credit asset securitisation trials started in 2005 Yang Jiacai, assistant chairman of the China Banking Regulatory Commission, said this securitisation is likely to add new risks to the financial market, saying that although shadow banking is increasing, it needs to be well regulated"