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Chinese banks start issuing first batch of large-scale CDs

Updated: Jun 15,2015 2:33 PM     Xinhua

A depositor opens an account of certificates of deposit (CDs) at a division of China Construction Bank in Hangzhou, capital of East China’s Zhejiang province, June 15, 2015. Nine banks, including the “big four” state-owned lenders, started issuing the country’s first batch of large-scale CDs on June 15. Much of the first batch will have terms of one year or less. The subscription threshold for individual investors is 300,000 yuan ($49,020) while that for institutions is 10 million yuan.[Photo/Xinhua]

A depositor opens an account of certificates of deposit (CDs) at a bank in Lianyungang, East China’s Jiangsu province, June 15, 2015.[Photo/Xinhua]

A staff member of China Citic Bank displays a certificate of deposit (CD) in Hangzhou, capital of East China’s Zhejiang province, June 15, 2015. [Photo/Xinhua]

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