www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Shanghai FTZ sees more liberalization

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-02-27 07:30

Interest rates of small-scale foreign currency accounts to be deregulated

China's central bank said on Wednesday it will completely liberalize interest rates for smaller foreign currency accounts in the China (Shanghai) Pilot Free Trade Zone, a key market for the reform process.

The People's Bank of China will remove the cap on deposit rates offered by banks on foreign exchange accounts holding less than $3 million within the FTZ from March 1, said the People's Bank of China Shanghai Head Office in a statement on Wednesday.

Shanghai FTZ sees more liberalization
Shanghai FTZ sees more liberalization
The existing upper limit for foreign currency deposits is no more than 1.5 percent for current accounts. Bank of China Ltd on Wednesday offered a 0.75 percent rate on one-year fixed US dollar deposits. The rate at Bank of Communications Ltd was 0.8 percent, HSBC Holdings Plc offered 0.95 percent and Citigroup Inc was giving 1.25 percent.

Analysts said market insiders said the central bank's move will not lead to chaos among lenders' interest rates under fierce competition for foreign currencies because they are reined in by cost and risk controls.

Wang Xinhao, head of the Shanghai branch of Shanghai Pudong Development Bank Co Ltd, said interest rates offered by lenders to foreign currency accounts within the FTZ will still be largely decided by the market - and may rise slightly.

The move will primarily benefit smaller accounts of foreign currencies in the FTZ because China had already liberalized lending rates and deposit rates on accounts holding more than $3 million from 2000, said Wang.

"The new demand emerging after the removal of the deposit interest rate cap will benefit clients' capital management and interest rate management, which will bring opportunities to commercial banks amid reform and transformation as well as helping lenders to increase their competence," said Wang.

Officials said the significant removal of interest rate ceilings may be a key step to a more liberalized and mature currency market for China. They are urging lenders to make an effort to control risks and curb the potential for significant capital outflows and massive deposit outflows driven by arbitrage.

Shanghai FTZ sees more liberalization

Shanghai FTZ sees more liberalization

China (Shanghai) Pilot Free Trade Zone

Chinese banks see record monthly foreign capital inflow

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 美女视频免费黄色 | 在线久草 | 国产精品黄在线观看免费 | 日韩三级观看 | 国产一区二区三区国产精品 | 韩国一级淫片视频免费播放 | 国产在线视频专区 | 在线男人天堂 | 99久久99热精品免费观看国产 | 欧美性色欧美a在线播放 | 亚洲综合精品一二三区在线 | 国内精品久久影院 | 清纯偷拍精品视频在线观看 | 九九亚洲精品 | 久久精品视频久久 | 免费一级特黄a | 亚洲日本欧美产综合在线 | 久久久久亚洲香蕉网 | 欧美xxxx成人免费网站 | 日韩精品在线一区 | 久久久精品免费热线观看 | 欧洲精品一区二区三区在线观看 | 99精品久久精品一区二区 | 日本黄色免费大片 | 色午夜在线 | 毛片在线播放网站 | 国产欧美一区二区成人影院 | 美女一级毛片免费不卡视频 | 91精品91| 久久久久在线观看 | 美女张开腿给男人捅 | 久久精品国产亚洲aa | 亚洲九九视频 | 农村寡妇一级毛片免费播放 | 玖玖精品在线视频 | 黄色三级三级三级免费看 | www.亚洲精品| 色播亚洲精品网站 亚洲第一 | 最新国产美女肝交视频播放 | 欧美成网 | 女人张开双腿让男人桶爽免 |