The Coronavirus, which began in China, has infected more than 17,000 people, causing the U.S. and Europe to block visitors from China and screen returning citizens. As one of the world’s largest economies comes to a standstill, the impact on the economy is significant.
On Wednesday, January 15, President Trump signed a “Phase One” trade deal with China that will reduce some tariffs, but, ultimately, do little for America’s homebuilders according to the National Association of Realtors.
In their recent 2020 Global Structured Finance Outlook, S&P Global Ratings indicated that despite fear over a slowing global economy, 2019 was an active year for the structured finance markets and predicts 2020 will be active as well.
SFA CEO Michael Bright met with the People’s Bank of China (PBOC) during a recent visit to Beijing. Following this meeting, the PBOC reached out to SFA for additional context on a variety of securitization-related questions.