Micro-Lenders Under JD.com, ByteDance, Meituan and Others Accelerate ABS Issuance

(Source: Vectorjuice)

On October 14, the Shanghai Stock Exchange approved asset-backed securities with a total amount of 3 billion yuan ($412.7 million), issued by a micro loan subsidiary of leading Chinese e-commerce company JD.com. This is the third batch of ABSs applied for by the micro lender this year, and all three applications have been approved b…