Abstract
In 2012 China has reignited the pilot securitisation programme. Between 2005 and 2008 the Chinese securitisation market began to develop significantly after introduction of the pilot securitisation programme. The new pilot securitisation programme in 2012 has some new additional features to the pilot securitisation programme in 2005. This article compares the pilot securitisation programme in 2005 and in 2012.
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