The Research Of RMB Inter-bank Market Operation Mechanism

Interbank borrowing market is one of the most important markets in money market and its development concerns money market even financial market. It has been more then twenty years since interbank borrowing market comes into being in our country. It develops rapidly, but still imperfect. Consequently, studying and improving interbank borrowing market is very important in science and reality.The thesis deals with interbank borrowing market, then studies some interbank borrowing market of developed countries and sums up many features by comparing with these markets. Developing from 1984 to now, interbank borrowing market in our country makes a progress: more market member, growth in trading size, being steady in market. On the other side, there are some problems: defective market entity, imperfect trading mechanism, inadequate supervision, not yet a prime interest rate. Meanwhile, the most important is its rate, and the thesis studies the rate in interbank borrowing market in particular.In the last, this thesis proposes several suggestions based on experience of developed countries and the fact of China. To improve interbank borrowing market, we should improve market entity, trading mechanism, supervision system and the interbank market rate. The priority among priorities is to make the interbank rate perfect, market-oriented and being a prime interest rate in our financial market.