Lenders to cut fees to help economy grow
Print Edition
CHINA’S top economic planner said yesterday the country’s lenders will cancel or suspend charges on some financial services to support the development of the real economy.
The move will reduce the financial burden on bank clients by 6.1 billion yuan (US$897.7 million) a year, the National Development and Reform Commission said.
From August 1, commercial banks will no longer collect commissions on individuals’ inter-city cash withdrawals from their own counters, the NDRC said in a statement. Six items of charges on cashier’s checks and bank drafts will also be suspended.
The NDRC said lenders should also waive account management fees and annual fees for clients who have only one account at a single bank.
The central government has pledged to reduce corporate costs by 1 trillion yuan this year by cutting taxes and administrative fees, amid efforts to boost the vitality of a slowing economy.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
