Article first appeared in Asset Securitization Report. While other brokerage firms have tried – but so far failed – to get securitization projects off the ground, the Beijing-based China International Capital Corp. has jumped ahead of the pack with a fixed-income product based on a telecommunication company’s future income from the leasing of mobile CDMA technology. These asset-backed securities, which started trading on the Shanghai Stock Exchange in September, are the first such offering by a company in mainland China. China International Capital even beat out two major banks also vying to have the first true securitization projects in China. The telecommunications company is the Liantong Xinshikong unit of state-owned China United Telecommunications, or China Unicom. The issue raised RMB3.2 billion ($395.5 million), according to the underwriter. Unicom was able to get money at a … Read more »