7 Chinese banks announced their plans to sell negotiable Certificate of Deposits (NCD) for 2015 on Thursday, with a combined issuance value of 6.3 billion yuan.
So far, about 157 banks have disclosed similar plans, with their NCD issues this year totaling 3.7 trillion yuan. Data shows that by Aug. 20, China's banks had issued overall 3,354 batches of NCDs this year, with a total value of 2.52 trillion yuan.
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