Lenders to issue more asset-backed securities

China's listed commercial banks are expected to accelerate the expansion of their credit asset securitization businesses in 2015, as regulators loosen their control over the sector and the banks themselves attempt to reduce risk amid the economic slowdown.

Those are the conclusions of a report released on Tuesday by Ernst & Young, which also revealed China last year issued 66 asset-backed securities worth a total of 281.98 billion yuan ($45 billion), compared with 101.8 billion yuan between 2005 and 2013.

Steven Xu, a partner with EY Financial Services, Greater China, said: "Credit asset securitization will be an important engine of growth for Chinese banks."