摘要
Certificate of Deposit The People’s Bank of China,China’s central bank,has issued a provisional regulation allowing financial institutions to issue certificates of deposit.A certificate of deposit is a savings certificate allowing the bearer to receive a fixed rate of interest on the money deposited for a certain period of time, The interest rate is higher than that on ordinary deposits, making the scheme more appealing.
Certificate of Deposit The People’s Bank of China,China’s central bank,has issued a provisional regulation allowing financial institutions to issue certificates of deposit.A certificate of deposit is a savings certificate allowing the bearer to receive a fixed rate of interest on the money deposited for a certain period of time, The interest rate is higher than that on ordinary deposits, making the scheme more appealing.
