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 / Policy Watch

Forex deposit rate caps lifted

By Wu Yiyao in Shanghai (China Daily) Updated: 2014-06-27 07:06

Forex deposit rate caps lifted

An employee handles a transaction at an SPD Bank Co Ltd branch in Shanghai. Banks in Shanghai can offer deposit rates on their own for corporate foreign-currency accounts with balances below $3 million. Provided to China Daily

Expansion of trial program from free trade zone in Shanghai could go nationwide

Forex deposit rate caps lifted

Interest-rate ceilings on corporate foreign-currency accounts with balances below $3 million will end on Friday throughout Shanghai, part of a key reform expected to be expanded nationwide, it was announced on Thursday.

The policy, which has already been tried out in the China (Shanghai) Pilot Free Trade Zone, is a major step in interest rate liberalization, the People's Bank of China's Shanghai Head Office said.

The rate ceiling for foreign-currency deposits is now 1.5 percent for current accounts.

The balance of foreign-currency deposits in Shanghai is estimated at $76.7 billion, of which 26.4 percent would be covered by the change. Foreign-currency deposits in Shanghai account for about 14.3 percent of the national total.

China liberalized lending and deposit rates, from 2000, for accounts holding more than $3 million.

Pan Yuehan, head of the Shanghai branch of Bank of China Ltd, said removing the rate cap will enhance banks' management of corporate capital and enhance their market competitiveness.

"The move will also prepare banks for renminbi interest rate liberalization," he said.

Dariusz Kowalczyk, senior economist at Credit Agricole SA in Hong Kong, said the removal of the deposit caps "will increase hopes for raising the cap on yuan deposits in coming months. This in turn would lead to higher rates throughout the economy".

Forex deposit rate caps lifted
Forex deposit rate caps lifted
 Managing forex reserves Top 10 most-used currencies in the world 

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲精品欧美精品国产精品 | 台湾黄三级高清在线观看播放 | 日韩三级免费看 | 久久国产精品高清一区二区三区 | 中国hd高清╳xxx | 粉嫩高中生的第一次在线观看 | 韩国日本三级在线观看 | 亚洲美女网址 | 成人在免费视频手机观看网站 | 亚洲性久久久影院 | 亚洲免费网址 | 国产一区二区在线免费观看 | 成人免费视频69 | 99久久免费精品国产免费高清 | 在线视频久草 | 国产玖玖在线观看 | 国产无毛| 夜色视频一区二区三区 | 日韩欧美一区二区三区不卡视频 | a一级特黄日本大片 s色 | 美女视频一区二区三区 | 一级做a爱视频 | 成网站在线观看人免费 | 免费区欧美一级毛片精品 | 在线中文字日产幕 | 爽爽爽爽爽爽a成人免费视频 | 黄 色 成 年 人小说 | 免费观看的毛片手机视频 | 欧美一级特黄特黄毛片 | 久草视频在线免费播放 | 久久国产视频网站 | 日本aaaa片毛片免费 | 天堂视频在线免费观看 | 综合免费视频 | 天堂一区二区三区在线观看 | 国产欧美日韩精品在线 | 免费观看女人一摸全是水 | 黄色日韩网站 | 国产在线步兵一区二区三区 | 最新欧美一级视频 | 日本亚州在线播放精品 |