So far the discussions on mortgage securitization are dominated by on balance sheet practice of China Construction Bank and off balance sheet practice of the China Development Bank. Some questions like whether to conduct asset securitization within the financial institution or to establish a separate specialized agency can be explored further based on China’s reality.
The proposed metrics in the ANPR would rely on existing data to the greatest extent possible. Small banks would be exempt from deposit data collection and reporting requirements, and data used for the lending analysis would be the same as is used for current examinations.