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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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