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Moody's: Strengthened regulation of Chinese leasing companies reduces risks for ABS

Moody's Investors Service says that the new supervisory structure implemented to strengthen the regulation of all leasing companies in China reduces risks for asset-backed securities (ABS) supported by leasing receivables, a credit positive. Until, 20 April, supervision of the sector had been split between the China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Commerce (MOFCOM).