The year 2022 looms as the first year of issuance decline for China's securitization market after the compounded annual growth rate of 25% from 2014 to 2020. Weak issuance momentum in RMBS and corporate risk-related ABS have prompted us to lower our 2022 issuance forecast to RMB 2.8 trillion (US$430 billion), about a 10% drop from 2021. Click here to view our full article.