Alibaba Small and Micro Financial Services Group, a small loan subsidiary of China’s biggest e-commerce company, on Wednesday listed a bundle of loan securitisation products in Shenzhen, the first from a smaller lender.
The move - on the INTS, a trading platform of the Shenzhen Stock Exchange - opens the way for small loan companies in China to raise funds directly from capital markets, providing more options than traditional methods - the self-funded channel from shareholders.
In the past, such credit securitisation products were allowed to be released only by policy banks or big commercial banks, with the underlying assets being loans from those banks. The...
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