Credit Default Swaps Recommended by Chinese Regulator for Corporate Bonds
This article was originally published on ETFTrends.com.
Over 10 years ago, credit default swaps (CDS) were the rage and ultimately the demise that would lead to the financial crisis in the United States. China may be entering that realm with the China Securities Regulatory Commission (CSRC) asking corporations to use credit default swaps for raising funds in order to issue new bonds. [...]