Chinese interest rate commercializes reform to stride a key one pace, its pace compares forecast want fast.
On July 19, the Central Bank rolls out big movement after interest rate policy becomes silent one year, announce to unlock control of interest rate of financial orgnaization loan in the round since July 20.
brass faucetChange China economy is excessive the growth pattern that counts investment, loosen what interest rate control realizes the key of this one change just about to lift, the Chinese economy that this reforms deep water area to been enter, the sense is great.
All the time since, china draws lessons from the interest rate with successful developed country to commercialize reform experience, took the route of advance gradually type, obtain apparent effect. Current, interest rate commercializes reform to enter phase of assault fortified positions.
Although the decision of the Central Bank has some of do with sb unconscious, but it is however in anticipation. This year after the Spring Festival, standing conference is studying the State Council deploy deepened economic system to reform a key to work 2013, mention clearly among them: Will roll out interest rate exchange rate to commercialize reform measure steadily.
National hair changes appoint " the opinion that works about deepening economic system to reform a key 2013 " point out, advance interest rate exchange rate to commercialize reform steadily, escalate puts range of float of loan interest rate, build sound market system of standard interest rate has promoted the agenda that finance reforms this year.
We think, the Central Bank loosens control of loan interest rate this is to comply with a situation, the opportunity is equal. In recent years the rapid growth of product of bank conduct financial transactions shows commercialized price to discover a function, and of capital market dimensions expand, the class system of bond market is perfected gradually, show the financial capital domain that commercializes a price expands ceaselessly. On the other hand, the malpractice of interest rate control is exposed increasingly, also promoted interest rate to commercialize pace to accelerate.
Loosen interest rate control to will make the superintendency of money market more scientific and efficient. The serious content of monetization adjusting control, after interest rate is commercialized, the Central Bank can pass the the most popular norton internet antiviruswave motion of the change that puts loan interest rate and other debt tool and financing tool price, the balanced sex that the situation of supply and demand that judges watch case manufacturermarket fund well and truly and assets are distributed, it is monetary policy thereby decision-making offer more the basis with accurate essence.
Loan interest rate is commercialized far-reaching to banking. Interest rate commercializes caused price system to weigh the competition of appraise and profit give somebody a new lease on life aggravate banking, force the bank must undertake change and be adjustmented deeply, the innovation pace of the bank will be accelerated, blame interest income will become the main source of bank profit.
Loan interest rate is unlocked, conduce to region of gray of keep within limits " shadow bank " , let be in partly " gray region " wandering client brings into normal bank to serve a category. In addition, loosen control to still will alleviate greatly the financing difficult problem of small small company, support effectively and serve hypostatic economy.
Banking was meant to enter fractionize period after loan interest rate is commercialized. Each bank determines level of loan interest rate independently according to commercial principle, the bank must adopt measure of competition of price of bargain ability and promotion of indebted government ability, blame apply will try to answer, in order to promote the gain of banking the standard.
Long-term since, height of battalion of silver-cfree watch caseolored go by is coessential change, the price is different now, mean income source no longer identical. The price is the result that compete and negotiates, confront the clbrass faucetient of differ in thousands ways, loan interest rate is commercialized force the commercial bank divides the work clearer more refine.
In light of the experience that from the west interest rate of nation of mature market economy commercializes, after interest rate is commercialized, bank profit difference closes generally narrow, be in commonly 1% , common people will get more material benefit. Bank offset expends fact of loan interest rate to be commercialized all right, to the individual, this means more rich loan product and can choose more loan orgnaizations. Different person, the interest rate that gets loan from the bank also will differ, notes of individual crediti want modern dining chairs rate will produce bigger and bigger effect in consumer credit.
Interest rate is commercialized isthe best spring pool by no means simple ground is unlocked put loan value, more important is to breed the market of interest rate to form a mechanism. At present market of our country bond and fiducial market exharrison hot spring dealist generally rigid cash phenomenon, bond market still is up to now " 0 break a contact " . Interest rate is commercialized should achieve a success to still had needed 3 bank at least, it is saving interest rate is unlocked, 2 it is to break rigid cash, 3 it is to pass wealth tax system to reform pair of local government and state-owend ethe most popular watch casesnterprise finance affairs to have hard tie.
We think, interest rate commercializes need other to reform form a complete set, reform pair of governments and state-owend enterprise to have financial hard tie through wealth tax system especially, it is a government constitutionally configure authority to natural resources of market demise finance, need government more esteem market, move to the market likely otherwise cause block up and twist.
Macroscopical canal lives, micro-flexibility. New a government is advocated to the utmost put authority adequately to yield benefit to the market, arouse market vigor effectivethe most popular selling norton internet antivirusly thereby. And loan interest rate unlocks the first owatch case openerption that makes financial reform, act on successive, careful driving principle, more systematization reform will defeat tomorrow in succession problem, the system sex bonus of reform also will be released one by one.
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