Update Regarding Securitization in China

July 23, 2012
China issued a notice on May 17, 2012, jointly promulgated by the People’s Bank of China (PBC), China Banking Regulatory Commission (CBRC) and Ministry of Finance (the Notice), re-launching its pilot securitization program. This update provides a brief overview of the relaunched pilot program and updates our April Dechert OnPoint anticipating the program’s planned rollout.