Watching China today. The move to allow banks to trade negotiable certificates of deposits is a significant step in liberalising its interest rate system. This was much faster than the market had expected following the conclusion of the Third Plenum (Nov 12). Next step is to issue CD's to corps, then households and then remove the ceiling on rates on short-term deposits.
Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...
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