The central bank introduced NCDs in 2013 as a way to facilitate interest rate liberalisation. Photo: Reuters

PBOC puts US$1.27 trillion of bank debt under closer scrutiny

As of July the value of outstanding NCDs had grown to 8.43 trillion yuan, 13.2 per cent of China’s total bond market

Topic |   People’s Bank of China

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The central bank introduced NCDs in 2013 as a way to facilitate interest rate liberalisation. Photo: Reuters
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