Relative to other emerging market economies, household debt is no longer low in China, although it is much lower than in the advanced economies.
But there are still natural investors, both domestic and offshore, that ought to be attracted to the high quality of the Australian RMBS. BIS Review 160/2010  3  Recent developments RMBS issuance this year has been around $ billion, higher than the $ billion issued last year but well below the $ billion plus annual issuance prior to the crisis (Graph 4).