Opening an era of negotiable instrument securitization in China: King & Wood Mallesons advised on the debut of ABS product backed by rights to payment in negotiable instruments
30 March 2016, King & Wood Mallesons (KWM) advised Huatai Securities Asset Management Co., Ltd. (HTAM) on the successful issuance of HTAM-Bank of Jiangsu Rongyuan No. 1 Asset-backed Specific Plan (Rongyuan No. 1). Rongyuan No. 1 is another innovative and ground-breaking asset-backed securitization (ABS) project in the industry, making it the debut ABS backed by rights to payment in negotiable instruments in China.