(Yicai Global) Sept. 27 -- China's asset-backed securities (ABS) sector has grown rapidly in the currently strong regulatory environment, with those released by consumer-related issuers performing particularly well, financial and economic news outlet 21 Jingji reported.

This year to date, the cumulative total of China's asset-backed securities issued by personal consumer enterprises was more than two times the volume over the same period last year. As of Sept. 26, the value of such securities released on the Shenzhen and Shanghai Stock Exchanges totaled CNY171.3 billion (USD25.95 billion), while supply stock at the end of 2015 was just CNY321 million (USD48.6 million), the report said.

The high growth of ABS issued by consumer finance firms could come down to two main reasons. On one hand, e-commerce giants and emerging vertical consumer finance companies have made major efforts in the field while promoting business growth at an entity level. On the other hand, banks increased the allocation of consumer ABS assets in the financial markets while real estate regulation was on the rise and local financing platforms were standardizing. Listed companies are increasing and major shareholders are selling off amid mergers, acquisitions and reorganizations. In a bid to push funds into the real economy, financial institutions purchased consumer finance asset-backed securities on a large scale.