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Securitization is the process of transforming illiquid assets, including outstanding loans and receivables, into securities, which frees up idle assets in the banking system.
Xi went on to announce China's further commitments for 2030 to tackling the global climate challenge.

Making the domestic market the mainstay does not mean China is developing its economy with the door closed, Xi told a symposium of entrepreneurs in July. By giving full play to the potential of the domestic market, both domestic and foreign markets can be better connected and utilized to realize robust and sustainable development, he said.
Li Zhanshu, chairman of the National People's Congress Standing Committee, holds talks with the Republic of Korea National Assembly Speaker Park Byeong-seug via video link at the Great Hall of the People in Beijing, capital of China, Dec. 21, 2020. (Xinhua/Zhang Ling)
Premier Li met with the press with the leaders of the six major international economic institutions after the Roundtable.
来源:资阳报