1. Text: | Print|

      China banks to face more pressure

      2013-07-23 16:16 CNTV Web Editor: yaolan
      1

      China's central bank late on Friday scrapped the floor on bank lending rates. Today is the first working day that markets, banks and analysts had time to react to this move. So far, feedback has been largely positive.

      Some believe removing the floor signals a strong step towards full rate liberalization, which means taking out the ceiling banks can pay to depositors. Yin Hang finds out what the move means to Chinese banks as well as its depositors.

      The People's Bank of China is giving lenders more freedom to set their interest rates. The move is expected to lead to the further liberalization of the country's interest rates.

      Under the decision, China removes the longstanding lower limit for interest rates on loans. Economists say it marks an important step for the country's financial market.

      "Over the past decades, China has made efforts to liberalize its interest rates, but it focused mainly on the fixed income or bank notes market, with fewer changes in bank lending rates. Because changing them, Chinese banks would face higher pressures. And the decision was made this time because all the conditions are mature. So it's a big reform." Lian Ping, Chief Economist, Bank of Communications said.

      "The difficulty of interest rates liberalization is the deposits, which we need to work on from now on. The key to market-based reform is the interest rate regime. Interest rates should be set according to market principles, as commercial banks decide the interest rates together with their rivals by competition." Wang Guogang, Director of Inst. of Finance and Banking, CASS said.

      But for Chinese banks this decision means fiercer competition and shrinking profits.

      "Scrapping the lending rate floor means that the supply and demand between borrowers and lenders will follow the market rules in the future. So Chinese banks will feel more headwinds in the future. But giving that China's bank capital is still a scarce resource so far, the supply-and-demand balance is not to tip towards the borrowers too much. So the impact is limited." Lian Ping said.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 中文字幕高清免费不卡视频| 亚洲人成黄网在线观看| 日韩激情淫片免费看| 亚洲国产婷婷香蕉久久久久久| 亚洲人成影院在线无码观看| 亚洲AV综合色区无码另类小说| 亚洲狠狠狠一区二区三区| 亚洲AV无码一区二区一二区 | 久久久久久亚洲Av无码精品专口| 亚洲同性男gay网站在线观看| 91免费国产自产地址入| 日本媚薬痉挛在线观看免费| 亚洲色无码专区一区| CAOPORN国产精品免费视频| 成人片黄网站A毛片免费| 亚洲天堂中文字幕在线| 成人网站免费大全日韩国产| 亚洲精品亚洲人成人网| 亚洲欧美乱色情图片| 中国人xxxxx69免费视频| 亚洲精品无码成人片在线观看 | 羞羞视频网站免费入口| 91香蕉国产线在线观看免费 | 日本卡1卡2卡三卡免费| 成人最新午夜免费视频| 亚洲国产精品一区第二页| 男人j进女人p免费视频| 免费黄色毛片视频| 亚洲欧洲高清有无| 成人永久免费福利视频网站| 人妻18毛片a级毛片免费看| 全免费a级毛片免费看不卡| 一级一片免费视频播放| 亚洲AV无码乱码在线观看| 亚洲av无码专区青青草原| 亚洲真人日本在线| 久久久久久精品成人免费图片| 亚洲AV永久无码精品一福利| 亚洲色精品aⅴ一区区三区| 在线播放国产不卡免费视频| 亚洲视频一区在线观看|