20 June 2019

PBoC issues guidelines on interbank CD trading, Xinhua says

The People’s Bank of China on Monday will start implementing pilot management measures on interbank certificates of deposit (CD) as part of efforts to fully liberalize interest rates, the official Xinhua news agency reported, citing a PBoC statement. Under the guidelines, qualified issuers must submit their issuance plans, including total amount, to the central bank before their first CD is issued every year. Each CD must be worth at least 50 million yuan (US$8.23 million) with the interest rate decided by the market, the report said.

– Contact HKEJ [email protected]



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