Auto loan securitization became a popular exercise in the past few years. As one of the largest auto markets, China has seen a surge of auto loan Asset-Backed Securities (ABS). In 2018, China's new auto loans ABS reached 122 billion RMB (approximately 25 billion AUD). It consists 13.05% of China's total interbank traded ABS market, second to Residual Mortgage Backed Security (RMBS) What could be the reasons that Auto makers' finance companies overtake banks in auto loan ABS market? 5. Auto loan securitization became a popular exercise in the past few years. As one of the largest auto markets, China has seen a surge of auto loan Asset-Backed Securities (ABS). In 2018, China's new auto loans ABS reached 122 billion RMB (approximately 25 billion AUD). It consists 13.05% of China's total interbank traded ABS market, second to Residual Mortgage Backed Security (RMBS) What could be the reasons that Auto makers' finance companies overtake banks in auto loan ABS market? 5