China is celebrating the 10th anniversary of the global financial crisis with a securitization party. Products that became a symbol of Wall Street’s unsustainable excesses a decade ago—such as mortgage-backed securities—are surging in popularity with Chinese investors. Just over $100 billion worth of asset-backed securities were issued in the first half of 2018 in China, according to S&P Global Ratings, a 44% year-over-year rise that put the country second, after the U.S., in terms of world-wide issuance.

Source: Wall Street Journal September 11, 2018 11:15 UTC