Most participants were positive on the benefits the product could bring to the Chinese banking sector but they conceded that plenty of issues needed to be resolved first, such as a lack of secondary market liquidity, and banks' ability to adapt to a changing economy.
Other popular discussions covered ramping up investor appetite for Chinese ABS among both domestic and international accounts, and finding ways to improve the country’s disclosure regime.
The latter subject was a particular concern for Anthony Neoh, former chairman of the Securities & Futures Commission of Hong Kong, who urged Chinese regulators to take action or risk repeating the same mistakes the US made before the global financial crisis.
Read the following stories for full coverage of the event:
NPL ABS to get off-balance sheet treatment
Food for thought for buyers of Chinese NPL securitization
'No impetus' for Chinese banks to securitize portfolio