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China launches forex-denominated negotiable certificate of deposit

· 02/05/2021 05:50
China launches forex-denominated negotiable certificate of deposit

- China is launching foreign currency-denominated negotiable certificate of deposit (NCDs) for the first time.

Forex-denominated NCDs will be issued and traded in China's interbank market, and will help widen financial institutions' access to foreign-currency financing, China's interbank market platform said in a statement on Friday.


(Reporting by Beijing Newsroom; editing by John Stonestreet)

((samuel.shen@thomsonreuters.com; +86 21 20830018; Reuters Messaging: samuel.shen.thomsonreuters.com@reuters.net))