Banks will not be allowed to issue NCDs with maturity of over one year from September 1. Photo: Reuters

China bans new deposit certificates, tightening screws on interbank lending to curb risks

The central bank will ban financial institutions from issuing interbank negotiable certificates of deposit with maturity of more than one year from September 1

Topic |   Banking & Finance

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Banks will not be allowed to issue NCDs with maturity of over one year from September 1. Photo: Reuters
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