Home>News Center>China
       
 

Central bank plans more market moves
By Zhang Dingmin (China Daily)
Updated: 2005-02-01 03:06

The Peoples's Bank of China (PBOC) unveiled further steps it is planning to promote the liberalization of its interest rate regime yesterday.

Analysts say the steps demonstrate a firm commitment to pressing ahead reforms will help banks adopt to a market economy environment but cause short-term difficulties among weaker lenders.

The central bank listed the moves in the pipeline yesterday in a report published on its website. The bank said it will unify interest rate policies of all financial institutions, revise related rules and regulations, and help banks improve their skills in pricing loans.


Headquaters of the People's Bank of China in Beijing. [newsphoto]

The steps would also promote the development of financial markets and enhance the PBOC's own ability in guiding interest rates and supervising the market.

The bank has been loosening controls on interest rates in recent years. Such controls have distorted the price of money, reduced the efficiency of the financial sector and have blunted Chinese banks' sensitivity to market risks, analysts say.

After setting free interest rates in the interbank market and those on large-sum foreign currency deposits, the central bank removed the upper limit on lending rates by commercial banks late last year. It allowed them to lower rates on deposits, but kept the ban on raising deposit rates.

The PBOC said it will promote the liberalization of deposit rates by loosening threshold requirements on large deposit agreements. Interest rates on these are typically negotiated between the banks and institutional depositors.

As for foreign currency-denominated deposits, the central bank currently dictates rates for deposits smaller than US$3 million in a few major currencies, such as the US dollar and the euro.

The PBOC said yesterday it will further liberalize such rates by simplifying the administration of rates it continues to manage and allowing the rates on certain types of deposits smaller than US$3 million to float freely.

The bank said there was a need for banks to enhance their ability to price loans according to risk factors and costs, so as to prevent price undercutting.



 
  Today's Top News     Top China News
 

Closing farm-urban income gap 'top' goal

 

   
 

More meningitis cases, but no new deaths

 

   
 

Central bank plans more market moves

 

   
 

Rumsfeld may visit Beijing this year

 

   
 

Allawi calls for unity after Iraqi vote

 

   
 

Risk controls urged for Bank of China

 

   
  More meningitis cases, but no new deaths
   
  Co-operatives urged to play bigger role
   
  Traveling abroad popular for Spring Festival
   
  Jiang's 'eight points' marked in Hong Kong
   
  Closing farm-urban income gap 'top' goal
   
  Government backs TCM to improve rural care
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  Related Stories  
   
PBOC to shift some functions to Shanghai
   
Cenbank to shift some functions to Shanghai
   
Israel to pull out from West Bank towns within days
   
Bank officials flee after US$120m go missing
   
Banking official, money go missing
   
Bank officials flee after US$120m go missing
   
Further bank reforms planned
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 在线观免费看高清影视剧| 欧美三级欧美一级| 我与白丝同桌的故事h文| 啊灬啊灬别停啊灬用力啊免费 | 中国又粗又大又爽的毛片| 最近中文字幕完整国语视频 | 午夜性福利视频| 被女同桌调教成鞋袜奴脚奴| 国产欧美日韩一区二区加勒比| 亚洲一级片在线播放| 久久久久亚洲av成人网 | 天天在线天天看成人免费视频| 中文在线最新版天堂| 日本免费人成在线网站| 久草网在线视频| 男人肌肌捅女人肌肌视频| 囯产精品一品二区三区| 4虎1515hh永久免费| 天天爽天天碰狠狠添| 一级日本强免费| 日韩精品视频在线观看免费| 免费**毛片在线搐放正片| 美女脱个精光让男人桶爽| 国产亚洲av综合人人澡精品| 7777精品伊人久久久大香线蕉| 天堂网在线观看| www.99re.| 好色先生tv网站| 久久精品九九亚洲精品| 欧美人与动人物xxxx| 亚洲成a人片在线不卡| 欧美黄色免费在线观看| 午夜精品久久久久久99热| 色台湾色综合网站| 国产一级做a爰片久久毛片| 91在线视频一区| 在线播放真实国产乱子伦| AV无码精品一区二区三区宅噜噜| 女人18片免费视频网站| wwwxxx在线观看| 日日摸日日碰夜夜爽亚洲|