China’s central bank will allow credit default swaps to begin trading in the country’s interbank markets, adding a tool to help diversify risks, especially among state-owned companies. Photo: Reuters

China gives green light for credit default swaps

Move is tied to central bank’s wish to improve risk pricing and allocation of credits in China

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China’s central bank will allow credit default swaps to begin trading in the country’s interbank markets, adding a tool to help diversify risks, especially among state-owned companies. Photo: Reuters
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