How and why China's domestic securitisation market will leapfrog the West
China's domestic securitization market began as a casual outlet for disposing impaired bank loans and funding municipal projects. Since the end of 2012, however, China's financial system regulators have worked intensively and collaboratively to craft a workable, whole-market architecture. In 2014, what had begun as a pilot morphed into a serious channel for raising domestic debt capital. Today China's private sector is pushing the domestic market towards exchanges and the internet, breaking through the barriers of the Anglo-Saxon ABS model.