Chinese online ABS develops

Category: ABS Marketplace Lending

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Regulation, data inconsistencies hamper industry

Fitch recently rated its first ever ABS backed by Chinese online consumer loans, in the form of the CNY1bn JD ABN 2018-1 transaction. While a positive signal for the sector, it still faces a number of hurdles, such as a lack of credit history data across the Chinese population and an inconsistent regulatory framework.

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