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Credit-default swap trading gets PBOC nod
Move fuels speculation that authorities will allow more bond delinquencies as the economy slows
Published Fri, Sep 23, 2016 · 09:50 PM
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Hong Kong
CHINA'S approval of credit-default swap (CDS) trading for the first time is fuelling speculation that authorities will allow more bond delinquencies as the economy slows.
The People's Bank of China (PBOC) has appro…
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