Research On The Deposit And Loan Interest Rate Liberalization In China

The deposit and loan interest rate liberalization is not only an important part but also the symbol of the completion of the interest rate liberalization. At present the interest rate liberalization in china has evolved into the deposit and loan interest rate liberalization which has reached interim target"to manage interest rate floor on loans and to manage interest rate ceiling on deposits". On the basis of the relevant theories of interest rate liberalization abroad as well as the relevant research findings of domestic scholars, this paper firstly reviewed the past interest rate liberalization in china and summed up its experience and deficiencies, then analysed the general condition of the interest rate liberalization and the situation of our country to suggest that it is increasingly mature to carry out the deposit and loan interest rate liberalization. This paper also discussed the strategic arrangements and the concrete measures of the deposit and loan interest rate liberalization and the influences on the macro economy and the relevant participants. At last it is concluded that we should start the institutional arrangements which include commercial banks, financial market, the central bank and financial supervision.