Date
19 August 2017

Commercial bank units may be allowed to issue NCDs, Xinhua says

The People’s Bank of China (PBoC) may allow qualified commercial banks to authorize their subsidiaries to issue interbank negotiable certificates of deposit (NCDs) in the future, Xinhua news agency reported Tuesday. Interest rate of the NCDs will be decided by the market, with some fine-tuning done based on the Shanghai Interbank Offered Rate (SHIBOR), the report cited the central bank as saying.

– Contact HKEJ at [email protected]

MY/JP/RC

 

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