Rates to liberalize
Source: Xinhua |
December 18, 2010, Saturday
|
Print Edition
Print Edition
China's central bank Governor Zhou Xiaochuan yesterday said the country would promote liberalization of interest rates during the next five years.
China will make "obvious progress" in interest-rate liberalization during the 12th Five-Year Plan period, which runs from 2011 to 2015, Zhou, head of the People's Bank of China, said at a financial forum in Beijing.
Pricing would be key in the liberalization of rates, Zhou said.
Lenders with the best ability to monitor risks should be given more freedom to set rates according to market conditions, ahead of those without sufficient ability to monitor risks, Zhou said.
China will make "obvious progress" in interest-rate liberalization during the 12th Five-Year Plan period, which runs from 2011 to 2015, Zhou, head of the People's Bank of China, said at a financial forum in Beijing.
Pricing would be key in the liberalization of rates, Zhou said.
Lenders with the best ability to monitor risks should be given more freedom to set rates according to market conditions, ahead of those without sufficient ability to monitor risks, Zhou said.
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