Caixin
Jan 17, 2019 04:13 AM
FINANCE

Bonds Backed by Home Loans Surged in 2018

Issuance of securities backed by residential mortgage surged more than 200% in 2018. Photo: VCG
Issuance of securities backed by residential mortgage surged more than 200% in 2018. Photo: VCG

Securities backed by residential mortgages in China boomed in 2018, reflecting rising demand for home loans and growing investor appetite for lower-risk products.

Chinese banks and financial institutions issued 584.3 billion yuan ($86.5 billion) of residential mortgage-backed securities (RMBS) in 2018, up 242% from the previous year, according to China Central Depository & Clearing Co. (CCDC), a state-owned operator of the national bond depository system.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
GALLERY
Copyright © 2017 Caixin Global Limited. All Rights Reserved.