Here We Go Again: China Packaging Stock Margin Loans As Asset Backed SecuritiesMark Melin
On July 1 Chinese regulators gave approval to a then little noticed provision that today is allowing for the repackaging of margin loans into securitized products and being sold as investments. Such is another government effort to support the Chinese stock market, but will it lead to a similar fate as that of the U.S. attempts to securitize mortgage loan products in 2008?
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