Small by default: China’s CDS market remains tiny

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By Paolo Danese
18 Apr 2018

China’s cautious approach to credit default swaps (CDS) has left the market a minnow compared with other large financial systems. Paolo Danese investigates.

CDS remain a footnote in the Chinese financial markets, despite the gargantuan size of China’s economy. There were just Rmb300m ($47.7m) of CDS contracts outstanding at the time this article was written, split across 15 deals, based on data provided by market participants.

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