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China may allow more bond failures with credit-default swap trading

Saturday, September 24, 2016 - 05:50

Hong Kong

CHINA'S approval of credit-default swap (CDS) trading for the first time is fuelling speculation that the authorities will allow more bond delinquencies as the economy slows.

The People's Bank of China has approved rules governing CDS trading in the country, according to

sentifi.com

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