Alibaba's Small Loan Arm Seeks Approval for Asset Securitization

(Beijing) – The small-loan business arm of e-commerce giant Alibaba Group is awaiting the securities regulator's approval for its new asset securitization plan.

The plan wraps up loans as investment vehicles to be bought by investors through an asset management scheme operated by Orient Securities Co. Ltd., a brokerage firm. Orient has applied to China Securities Regulatory Commission (CSRC) to launch the scheme, but has not received an answer.