日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 男人操女人的视频网站 | 浪漫樱花在线观看高清动漫 | 午夜国产在线观看 | 亚洲大尺度在线观看 | 免费成年人视频 | 亚洲一区视频在线 | 欧美成人精品一区二区三区在线看 | 五月激情六月 | 一区二区视频在线观看 | 日本一级黄色 | 黄色福利在线观看 | 国产精品一区二区三区在线 | 日韩在线综合 | www视频在线 | 在线激情网站 | 精品久久久中文字幕 | 欧美精品一区二区蜜桃 | 欧美日韩久久久久久 | 欧美久久一级 | 青青草网 | 国产一区亚洲 | 国产欧美日韩视频 | 日本网站在线免费观看 | 国产伦精品一区二区三区免费视频 | 欧美三级影院 | 欧美一级欧美三级 | 欧美在线视频二区 | 国产精品自拍在线观看 | 一区二区福利视频 | 日本黄色a级片 | 亚洲激情网 | 麻豆回家视频区一区二 | 日韩视频在线观看免费 | 懂色av中文字幕 | 久久久久久久久福利 | 成人在线观看国产 | 久久福利网站 | 成人久久综合 | 久久久亚洲天堂 | 午夜视频在线免费播放 | 欧美 日韩 精品 |