Legal Regulation On The Interest Rate Liberalization In China

Interest rate liberalization reform is the most important aspects of China’s financial reform.It has great significance for the balance of supply and demand of funds, the efficient use offunds, the government to play a macro-control functions and commercial banks and otherfinancial institutions to improve the management level. Since the beginning of1996on thereform of China’s interest rate controls makes rapid progress of interest rate reform. Currently,the interest rate liberalization has entered the final stage. Since March1,2015, the People’sBank of China has adjusted the benchmark interest rate of RMB deposits and loans. During the NPC and CPPCC in2015, Premier LiKeqiang proposed to promote interest rate liberalizationreform and improve the central bank interest rate regulatory framework which means interestrate liberalization has come to the finishing touches of the situation.However, the interest rate reform is a comprehensive and complex process. It isinseparable from the law guide and regulate. This article explores the theoretical basis ofinterest rate liberalization in the process of our country and the need of analysis by analyzing theinterest rate liberalization in the relevant subjects of legal relations. Experiencing in the UnitedStates, Japan and Taiwan interest rate liberalization law regulating, analysis the interest ratemarket legal regulation issues, and give some implications. On this basis, comprehensivelyanalysis and then give legal regulation proposal. This article mainly uses the literature research,comparative analysis and empirical analysis, etc. Theoretically reasoning explained throughexample or experience, verify the correctness of the system through specific examples of thepractice. Theory to guide practice, practice test theories. The main innovation of this paper isthat the writings of the existing domestic legal issues regarding the interest rate market is mostlyused in the analysis as a whole and asking questions and solving problem approach, earlierwritings did not explore the legal regulation issues. This article based on the basis of previousacademic studies, theoretically analysis China’s interest rate liberalization reform and the needfor it, and focuses on the lack of research perspective legal regulation in the interest rateliberalization in which new ideas put forward, such as the interest rate liberalization to our legal regulation of some specific suggestions, etc., at the same time, it is guidance and reference forfuture research.