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China insurance deposit scheme launches on Friday

Wednesday, April 29, 2015 - 05:50
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A pedestrian walks past the People's Bank Of China (PBOC) headquarters in the financial district of Beijing, China, Nov 8, 2014. On Friday, China will launch a much-awaited insurance deposit scheme for banks, another step towards complete interest rate liberalisation and which will allow lenders - most of them state-owned - to operate in a more market-driven environment.

Beijing

ON Friday, China will launch a much-awaited insurance deposit scheme for banks, another step towards complete interest rate liberalisation and which will allow lenders - most of them state-owned - to operate in a more market-driven environment.

The plan announced last month

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