The central bank seeks public opinion on the "Management Measures for Large Deposits".
According to the Securities Times APP, on June 12, the People's Bank of China publicly solicited opinions on the "Management Measures for Large-denomination Certificates of Deposit." The "Management Measures for Large-denomination Certificates of Deposit (Draft for Soliciting Opinions)" states that issuers of large-denomination certificates of deposit should file an annual issuance plan with the People's Bank of China before the first issuance of large-denomination certificates of deposit each year. If the issuer needs to adjust the annual issuance plan, they should re-file it with the People's Bank of China. The interest rate for the issuance of large-denomination certificates of deposit is determined in a market-oriented manner. Fixed-rate certificates of deposit use the form of face annualized yield to calculate interest, while floating-rate certificates of deposit use the Shanghai Interbank Offered Rate (Shibor), the Deposit Rate (DR) of financial institutions, or other interest rates recognized by the People's Bank of China as the floating-rate benchmark for interest calculation.
Latest
2 m ago

