ML-Implode News - China set for Special Drawing Rights bond issues, report says

Mainland media group Caixin reported that the World Bank planned to issue bonds denominated in Special Drawing Rights in China as early as the end of this month. It said policy bank China Development Bank was also planning an SDR bond issue.
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Central bank governor Zhou Xiaochuan said in April that the People's Bank of China was studying the feasibility of issuing SDR bonds in China.
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Bank of China researcher Zhao Xueqing said the timing was "proper" because the IMF was looking for ways to expand the use of the monetary unit.
However, one Shanghai-based trader at a major bank said the issue would be "more symÂbolic than meaningful".

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China set for Special Drawing Rights bond issues, report says