Disclosure the focus of streamlined system
By Cai Xiao (chinadaily.com.cn) Updated: 2014-08-09 09:12A revised draft of filing-based asset securitization will be completed soon, according to the China Securities Regulatory Commission (CSRC) on Friday.
"Information disclosure will be a focus ...and the integrity of underlying assets will be emphasized," said CSRC spokesman Deng Ge.
The commission canceled administrative examination and approval of asset securitization in February this year to streamline regulation.
After the change, asset-backed securities that meet certain requirements on a "negative list", which will specify assets that cannot be securitized, can be issued by notifying the CSRC.
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