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Case
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Reference no. 201-058-1
Subject category: Finance, Accounting and Control
Authors: Simon Chan (CLP Power Hong Kong Limited); Kaimei Wang (Cambridge Judge Business School)
Published by: Asia Case Research Centre, The University of Hong Kong
Published in: 2001
Length: 20 pages
Topics: Securities market; Banks
Share a link: https://casecent.re/p/21880
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Abstract

While mortgage securitisation was old-hat in the United States and Europe, it had not really caught on in Asia. Past experience in Hong Kong suggested that efforts by individual institutions to securitise mortgages had not been entirely successful. In spite of this, the Hong Kong Government placed high hopes on the Hong Kong Mortgage Corporation (HKMC) in terms of developing the mortgage-backed securities (MBS) market. However, some banks wondered whether it was timely for them to get into the MBS business in Asia. In particular, the banks and the HKMC had very different risks and concerns regarding the development of MBS. Teaching purpose: a study of mortgage-backed securities and secondary mortgage market.
Location:
Asia
Other setting(s):
2001
Teaching note
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Reference no. 201-058-8
Subject category: Finance, Accounting and Control
Authors: Simon Chan (CLP Power Hong Kong Limited); Kaimei Wang (Cambridge Judge Business School)
Published by: Asia Case Research Centre, The University of Hong Kong
Originally published in: 2001
Version: 09/11/2001
Length: 7 pages
View full details

About

Abstract

While mortgage securitisation was old-hat in the United States and Europe, it had not really caught on in Asia. Past experience in Hong Kong suggested that efforts by individual institutions to securitise mortgages had not been entirely successful. In spite of this, the Hong Kong Government placed high hopes on the Hong Kong Mortgage Corporation (HKMC) in terms of developing the mortgage-backed securities (MBS) market. However, some banks wondered whether it was timely for them to get into the MBS business in Asia. In particular, the banks and the HKMC had very different risks and concerns regarding the development of MBS. Teaching purpose: a study of mortgage-backed securities and secondary mortgage market.

Settings

Location:
Asia
Other setting(s):
2001

Related

Teaching note
-
Reference no. 201-058-8
Subject category: Finance, Accounting and Control
Authors: Simon Chan (CLP Power Hong Kong Limited); Kaimei Wang (Cambridge Judge Business School)
Published by: Asia Case Research Centre, The University of Hong Kong
Originally published in: 2001
Version: 09/11/2001
Length: 7 pages
View full details