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China's Structured Finance Issuance Grows 4.5% in Q1, S&P Says

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-- New structured finance issuance in China reached 415 billion yuan in the first quarter of 2026, rising 4.5% year over year, S&P Global Ratings said in a recent release.

Issuances backed by lease receivables assets, corporate receivables assets, and consumer drove the expansion and had a share of about 40% of total issuance, S&P said.

Arrears in auto loan asset-backed securities were flat from December 2025, although S&P expects still-heightened levels given linger property market slowdown and weak consumption.

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