Tencent and Alibaba interested in CDs
Large Chinese corporates such as Tencent and Alibaba told CT they would consider investing in certificates of deposit, a cash instrument that China’s central bank made available to corporates last week.
Some of China’s largest brands have expressed an interest in China’s newest addition to liquidity management: the certificate of deposit (CD). In interviews with Alibaba and Tencent, treasury executives said they were looking into the possibility.
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