Tuesday, April 10, 2012

tera power leveling but not fully and promptly implement the marketization of the best period. - PE

129770904411875000_150Recently, the people's Bank of China Governor Zhou xiaochuan wrote an article that, at present, promoting the RMB interest rate marketization conditions have, next to the people's Bank will continue to actively promote in accordance with the spirit of the Central Conference.  Industry experts say that, in addition to establishing the deposit insurance system, the strengthening of financial legal system building, marketization also need to actively promote the development of the debt market. Fudan University School of EconomicsSaid Sun Lijian, Vice and mature bond market through market supply and demand and on risk judgment, reasonable tax rate levels. If there is no development of the bond market, bank interest rate liberalization could bring problems.  Interest rates in the bond market can force the market to develop a reasonable level. Sun Lijian believed that bond markets and is now combined with the interest rate of the deposit insurance systemTo do soon. Purpose of marketization of interest rate is to be found through market "money" prices.  Its development and internationalisation of the financial services industry has important significance. Industry experts say that, whether it be in the financial markets interest rates on financial products inquiry, is also the Central Bank monetary policy conduction through the Inter-Bank open market, without an effective government bond II-Level market. Mature bond markets is a prerequisite for successful marketization of interest rates. Interest rate marketization of interest rates is not limited to, bank deposit and loan interest rates. Most important coordinates of interest rates in the financial markets should be the interest rates on government bonds.  Therefore, perfection is an important condition of realizing the marketization of interest rates in the bond market. Marketization of interest rates has long been a content of the most closely watched in financial reform in China。 Two sessions, before and after, many experts and scholars comment on the marketization of interest rate and path recommendations. However tera power leveling, up to now, everything is still at the discussion stage.  Central Bank starting from 2010, to actively promote the position of interest rate marketization and no change. Interest rate liberalization has no substantial advance tera power leveling, many people in the industry analysis, may be worried about interest rate marketWill bring interest rates to rise sharply, cost increases, prices; adjustment of the interest rate of the Central Bank regulation policy; interest on financial debt burdens tera gold, banking risk, holding back investment, reduce consumption and other negative effects. Lianping panshan said, Bank Chief Economist, currently promoting, but not fully and promptly implement the marketization of the best period. Others:

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