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China’s new CD market should raise RMB deposit rates

While corporates are not able to directly participate in China’s new negotiable certificates of deposit market, China regulatory experts contend the new market should raise renminbi deposit rates.
China’s new CD market should raise RMB deposit rates

The People’s Bank of China (PBOC) has allowed eligible entities to issue and invest in interbank negotiable certificates of deposit (NCDs), as of December 9.

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