After The Marketization Of Interest Rate In China’s Government Financial Regulation Research

Interest rate marketization reform in China’s financial system reform occupies the important position, along with our country socialist market economic system reform process of push deeper, countries began to gradually open interest rate regulation, promote the reform of interest rate marketization, to adapt to the needs of economic and social development. Market increasingly significant advantages of optimizing the allocation of resources, the social from all walks of life clamor for the opening rate control, gradually caused the attention of the regulators. Realize the goal of interest rate marketization, the interest rate market does not mean to completely open management, it is a gradual process under government supervision, and promote the reform of market-oriented interest rate requires financial and macroeconomic cooperation with government regulatory system at the same time, the ability to make our country’s market-oriented interest rate reform conforms to our country’s basic national conditions, and make it orderly and steady development.This article first clarify and define the market-oriented interest rate reform process in China, the overall market-oriented interest rate reform process in China can be divided into three stages:try stage (1993-1996), the start-up stage (1997-2000), developing stage (2001-present). Secondly, analyzes the present situation of interest rate marketization reform in our country:there were changes in interest rates mechanism, open the interbank lending market interest rates, open bond market interest rates, has formed the benchmark interest rate system. Again, this paper analyzes the market-based reform of interest rates for individuals, commercial Banks and the impact of macro economy, at the same time from the capital adequacy regulation, credit risk regulation, market risk and operational risk regulation, corporate governance and internal control regulation, market access management five aspects analyzes the present situation of our country financial regulation. Fourth this paper analyzes the interest rate marketization reform challenge to our government financial regulation, found the government financial regulation system of macroeconomic regulation and control is relatively backward, the marketization of interest rate marketization reform and other economic system reforms lack, and the current regulatory can’t cope with the risks of interest rate marketization reform and other issues.This article analyzed the 5 of the United States, Japan, the three countries and its enlightenment to our country government financial regulation mode. Finally it is concluded that to strengthen the financial regulation of our government countermeasures and Suggestions:(1) to strengthen the construction of rules and regulations;(2) actively promote other coordinated reforms;(3) improve the risk supervision and regulation of financial institutions.