China Said to Allow Default Swap Trade in 1st as Bad Debts Rise
A man rides a scooter past the People’s Bank of China (PBOC) headquarters in Beijing, China (Photographer: Qilai Shen/Bloomberg)

China Said to Allow Default Swap Trade in 1st as Bad Debts Rise

(Bloomberg) -- China’s central bank has approved trading of credit-default swaps by financial institutions in the nation’s interbank market, as it seeks to help investors tackle rising non-payment ...
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