@article {Buchanan36, author = {Bonnie G. Buchanan}, title = {Securitization in China: D{\'e}j{\`a} Vu? }, volume = {21}, number = {3}, pages = {36--50}, year = {2015}, doi = {10.3905/jsf.2015.21.3.036}, publisher = {Institutional Investor Journals Umbrella}, abstract = {In China, securitization has been promoted as a means of reducing reliance on the shadow banking system and ensuring that enough credit keeps flowing to a slowing economy. A cure for China?s banking woes may, in fact, be the instrument that nearly brought down the global financial system{\textemdash}securitized products. The author examines the history and structure of the Chinese securitization market. Whereas the U.S. securitization market developed as a means to accelerate liquidity, the Chinese securitization market was initially established to deal with non-performing loans. The article discusses the pre- and post-2008 Chinese securitization market and provides an overview of newer securitized products being introduced to China in an effort to boost confidence in the banking sector.TOPICS: Fixed income and structured finance, emerging}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/21/3/36}, eprint = {https://jsf.pm-research.com/content/21/3/36.full.pdf}, journal = {The Journal of Structured Finance} }