Research On The Legal Issues About The The Market-oriented Interest Rate Reform And Its Risk Prevention

The market-oriented interest rate is the core and the key of the reformof the financial system. In recent years, with the deepening of China’ssocialist market economy, international economic integration andfinancial globalization process is accelerating, China’s existinginterest rate control system is increasingly not suitable to China’seconomic development requirements, all the disadvantages of the interestrate control are constantly emerging, therefore accelerating China’smarket-oriented interest rate reform is imperative.China’s market-oriented interest rate reform began in1996, after tenyears of development, and has made some achievements, for example, in thecurrency market and bond market basically have become the market-orientedinterest rate,as well as depositing and lending rates which achieved thephased objective of the tube upper limit of deposits, loans tube lowerlimit, but there is still a long way to go to achieve a completedmarket-oriented interest rate, therefore, the market-oriented interestrate need to be further continued at the key moment of China’s socialistreform of the financial system. However, the market-oriented interest rate itself is a very complex process, will be faced with a variety ofrisks and difficulties in the process of further deepening anddeveloping,these risks will seriously interfere with the process ofmarketization of China’s interest rate to speed up. Therefore, it isparticularly important to make a comprehensive analysis of these risksand difficulties and to find legal measures to address these risks.This article comprehensively analyzes the necessity of China’smarket-oriented interest rate reform and the phased achievement on thebasis of clarifying the definition of the marketization of interest ratefrom the perspective of China’s market-oriented interest rate reform, andmakes a detailed analysis of all the risks faced in the process ofmarket-oriented interest rate reform in China and suggests legallyeffective measure to address the risks so as to contributing to deepening of China’s market-oriented interest rate reform. The second partanalyzes the remarkable achievement made in the process of China’smarket-oriented interest rate reform at recent years, makes a specificand detailed statement of the disadvantage of the interest rate controlsystem, and expounds on the necessity of further deepening of China’smarket-oriented interest rate.The third part mainly applies to the methodof analysis and conclusion, makes a summary of all risks faced in theprocess of full promoting the market-oriented interest rate reform,through analysis of the risks one by one, specifical proposes legallyeffective measures to them so as to resolve all risks in the process ofChina’s market-oriented interest rate reform, finally realities thefully promoting further deepening of China’s market-oriented interestrate reform.