Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-den...Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.展开更多
China’s central bank issued an additional regulation recently concerning the Qualified Foreign Institutional Investor (QFH) scheme, clarifying key procedural matters when banks apply for a custodian’s role.The gover...China’s central bank issued an additional regulation recently concerning the Qualified Foreign Institutional Investor (QFH) scheme, clarifying key procedural matters when banks apply for a custodian’s role.The government has unveiled the long-awaited reform in the early Nov. 2002, allowing foreigners through such QFHs to trade its A. shares and bonds. Six banks, including three Chinese and three foreign ones, have already applied to展开更多
文摘Chinese Banks to Issue Large-denomination Certificates of Deposit The People’s Bank of China,the country’s central bank,issued a provisional regulation on June 2 that allows financial institutions to issue large-denomination certificates of deposit(CD),giving banks more freedom in pricing interest rates.Individual investors can buy certificates of deposit worth at least RMB 300,000 and institutional investors at least RMB 10 million’s worth.
文摘China’s central bank issued an additional regulation recently concerning the Qualified Foreign Institutional Investor (QFH) scheme, clarifying key procedural matters when banks apply for a custodian’s role.The government has unveiled the long-awaited reform in the early Nov. 2002, allowing foreigners through such QFHs to trade its A. shares and bonds. Six banks, including three Chinese and three foreign ones, have already applied to
