Research On Securities For Substitute Saving Through The Marketization Of Interest Rate

As the marketization of interest rate in China progresses gradually, the interest rate of saving is still decided by the government, and low interest rate of saving will keep for a long period. Meanwhile the amount of financial asset increased continuously as well as the PDI did in the past 30 years, while the structure of the financial asset was unbalance.This article analyzes the economic and financial environment in mainland China, and strengthens the necessity of advancing the securities for substitute saving, according to the experience in the mature financial market oversea. In the end, we put forward some advice on the future development of the securities for substitute saving based on the new law system.