Chinese credit assets securitization (CAS) distribution 2018
In 2018, residential mortgage-backed securities (RMBS) accounted for 63 percent of China's asset-backed securitization (ABS) market. With a lower default rate than that of other ABS's underlying assets, RMBS was restarted by the Chinese government in 2012 as a low-risk investment option. Its popularity surged among investors and homebuyers, which eventually replaced collateralized loan obligations (CLO) as the dominating category in China's CAS market in 2018.
