Related News
Full liberalization of deposit rates 鈥榲ery likely鈥 in a year or two
Online Edition
CHINA may fully liberalize deposit rates in a year or two as the country will step up domestic financial reforms to support the yuan’s internationalization, central bank governor Zhou Xiaochuan said at a briefing today.
Addressing the timetable for interest rate liberalization of the yuan, Zhou said the process is driven by newly emerged businesses, and the deposit rate may “very likely” be liberalized in a year or two.
“Many other rates are already liberalized, and the opening up of deposit rate is on the schedule,” he told reporters.
On internationalization of the national currency, Zhou said a lot of “homework” needs to be done before the yuan can be accepted by more international users.
“In these years, we will focus on dropping unnecessary restrictions on use of the yuan, which include laws and regulations, and practical operations,” Zhou said. “The People’s Bank of China will not excessively push to widen use of the yuan, but rather create sound policy, strength and confidence to let people choose to use the currency.”
He said international use of the yuan has been growing quickly in recent years but its proportion in global trade and investment is still relatively low.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
