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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

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 approved rules governing CDS trading in the nation's interbank...

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