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 auto ABS 2020

Citic Securities

It was an easy decision to give the auto ABS house award to Citic Securities. The advantage the securities house has in the market is impossible to overlook.

The firm, China’s largest securities house by assets, has dominated the top spot in the country’s auto ABS league table for the past three years. During the awards period, it acted as the underwriter on 22 deals with a total value of Rmb43.9 billion ($6.72 billion), Wind data shows, representing a whopping 20.3% market share. In terms of underwriting value, that is 54.3% more than its closest competitor. Citic Securities also claims to have underwritten more than half of the auto ABS deals that are larger than Rmb5 billion.

But the firm’s overwhelming presence in the market is not the only thing that separates it from its peers. Citic Securities is relentless in leading the effort to innovate in an industry filled with what bankers call “routine” issuances.

In the past three years, the Beijing-based securities house has been working hard to expand the scope of underlying assets from merely passenger car loans to those taken out for commercial vehicles, especially trucks.

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