The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms & Conditions.

All material subject to strictly enforced copyright laws. © 2020 Euromoney is part of the Euromoney Institutional Investor PLC
China Securitization Awards

Best for account receivables securitization 2020

Ping An Securities

The Chinese account receivables securitization market has expanded dramatically over the years. In 2017, there were 141 deals with a total value of Rmb158.6 billion ($24.3 billion). By 2019, there were 569 new deals worth Rmb428.5 billion. In the first 11 months of 2020, 739 deals with a total value of Rmb653.1 billion were sold, Wind data shows.

Account receivables securitization in China can be based on either the companies’ own accounts receivables or on those owned by factoring agents, which buy receivables from a variety of different companies. Deals from factoring agents are typically defined as ‘supply chain ABS’ in China, but Asiamoney has recognized them when deciding this award.

Ping An Securities is a pioneer in supply chain deals. The firm was the structurer and underwriter of China’s first-ever supply chain ABS in July 2016 – Ping An-Vanke Supply Chain Finance Asset-Backed Plan. The underlying assets of the deal were the account receivables owed to suppliers by Vanke’s project subsidiaries. Vanke is one of the largest real estate developers in China.

Ping An remains the largest player in the field thanks to its close ties with large real estate clients, who dominated the account receivables securitization industry.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree