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The PBoC’s CDs guidelines indicate the interest rate liberalization is close to completion

Published on Wednesday, June 3, 2015 | Updated on Sunday, May 13, 2018

The PBoC’s CDs guidelines indicate the interest rate liberalization is close to completion

Yesterday, the People’s Bank of China (PBoC) promulgated guidelines to allow banks to issue certificates of deposit (CDs) to individual investors and non-financial institutions, paving the way for full interest rate liberalization.

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