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HSBC offers retail renminbi CD

HSBC is rolling out its first renminbi retail certificate of deposit. CD has a tenor of six months, will be denominated in renminbi, and will offer investors receive interest of two percent per annum upon maturity. HSBC also launched renminbi FX-linked deposits and renminbi currency-linked deposits in July. HSBC was the first to issue renminbi bonds in Hong Kong, the…

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