China's State Council says the country will further expand a pilot program to develop its asset-backed securities market. The People's Bank of China says the expansion will be based on strict risk control measures. China's central bank started the experiment to develop the asset-backed securities pilot program in 2005. Between 2005 and 2008, 11 Chinese […]

Visit ChinaMoneyNetwork.com for more great China Money Podcast audio and video Internet episodes covering important investment news and financial events in China, as well as daily news updates on important China business news happenings. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.