在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

  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: 九九热精品在线 | 国产一区二区自拍 | 日韩一区二区三区免费 | 激情小说亚洲 | 国产精品91在线 | 福利网站在线观看 | 国产成人午夜高潮毛片 | 五月天精品 | 午夜精品在线观看 | 免费成人黄色 | 国产精品午夜视频 | 成人特级毛片 | 在线观看欧美日韩视频 | 精东影业一区二区三区 | 黄网站在线播放 | 亚洲午夜激情 | 美女免费视频网站 | 亚洲黄色精品 | 一级片大全 | 天天干天天干天天操 | 欧美日韩精品久久久免费观看 | av在线天堂网 | 免费网站观看www在线观看 | 日本公妇乱偷中文字幕 | 一级片在线观看视频 | 一级看片免费视频 | 欧美成人精品一区二区 | 国产传媒一区二区 | 免费网站观看www在线观 | 国产这里只有精品 | 国产小视频在线播放 | 婷婷色综合 | 可以看av的网站 | 欧美激情xxx | 九九色| 黄色小视频在线观看 | 草草在线视频 | 九色在线视频 | 日日日干干干 | 国产黄色一区二区 | 天天拍天天干 |