China will likely free up deposit rates within two years, hopefully helping end the need for corporates to park cash with dodgy wealth management products, economists believe.
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.
A pilot reform that allows foreign guarantors on loans to small and medium enterprises (SMEs) in China is enabling new strategies for cross-border funding and parallels China’s foreign exchange liberalisation.
Dec 2, 2013
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