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China bank funding rush shows caution over outflows

Published Wed, Jan 13, 2016 · 09:50 PM

Shanghai

HOW serious is the risk of a sudden exit of funds from China's banking system? The nation's banks aren't waiting to find out.

Ninety-nine lenders announced plans for 5.8 trillion yuan (S$1.3 trillion) in certificate of deposit sales this year, data from the National Interbank Funding Center show, exceeding the full-year total of 5.4 trillion yuan in 2015. That echoes record i…

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