China 29-11-2007 Asset-backed securities sale gears up The Chinese joint venture of GMAC, the financing unit of General Motors Corp, has gotten the go-ahead to be the first non-banker in China to issue asset-backed securities. The Chinese…… Sign in or Upgrade to Continue Reading This news article is over 10 days old. Subscribe today to access all articles with an annual subscription. Become a member Learn more Already a subscriber? Log in here #bank#Bank of China#liquidity#People's Bank of China#Trust