Efforts to accelerate the development of asset-backed securitization in China will help both lenders and borrowers if credit conditions tighten in the second half of 2013, analysts said.

Given slowing economic growth and the aftereffects of the liquidity crunch in June, credit conditions may be tight during the remainder of the year, said Oliver Chiu, head of research and investment advisory of retail banking in the global consumer group with Citibank (China) Co Ltd.

"The recent removal of lending rate floors may have a limited impact on funding conditions as a whole. On the other hand, if more assets are securitized, more credit potential will be released," said Chiu.