Via approval of the State Council, chinese people bank decides to unlock control of interest rate of financial orgnaization loan in the round since July 20.
Cancel interest rate of financial orgnaization loan the floor level of 0.7 times, by financial orgnaization basis commercial principle determines level of loan interest rate independently;
Abolish control of bill discount interest rate, change discount interest rate imposes bit of certain kind on foundation of rediscount interest rate, decide independently by financial orgnaization;
To rural credit agency loan interest rate establishs upper limit no longer;
To continue to implement the housing credit policy that the difference changes strictly, health of stimulative estate market develops, of short duration of interval of float of interest rate of individual housing loan is not made adjust.
Central Bank decision, unlock control of interest rate of financial orgnaization loan in the round since July 20, this mark is worn interest rate is commercialized strode one stride ahead again. Interest rate commercializes reform to be advanced ahead steadily, conduce to farther play market configuring action of resource base sex, structural adjustment of progress of hypostatic to promoting finance to support economy, economy and transition upgrade have important sense.
Reform opportunity matures basically
In May the last ten-day of a month, the State Council is approved turn the country develops innovation appoint " the opinion that works about deepening economic system to refofree norton internet antivirusrm a key 2013 " point out, "Advance interest rate exchange rate to commercialize reform steadily " . Two short after the month, interest rate commercializes reform to obtain apparent effect. But in fact, our country interest rate commercializes the course that reform already had taken 17 years, laid good foundation to advance reform to hit further.
Since 1996, according to " put so that leave, form must become, tone was gotten " train of thought, the Central Bank loosens interest rate control ceaselessly on one hand; Exert oneself is perfect on the other hand commercialize mechanism of interest rate price, expand commercialize interest rate to cover range. Adopt the reform of advance gradually type, at present the Central Bank deposits money to financial orgnaization RMB only interest rate upper limit and floor level of loan interest rate undertake administrative, market money rate of monetary market, bond and churchyard foreign currency put loan interest rate to already came true commercialize. Mixed in June 2012 in July, the Central Bank enlarged financial orgnaization to put interval of float of loan internorth face shirtsest rate further: It is financial orgnaization the upper limit of interval of float of saving interest rate adjusts 1.1 times what be standard interest rate; 2 it is financial orgnaization the floor level of interval of float of loan interest rate adjusts 0.7 times what be standard interest rate.
"Overall look, our country advances interest rate to commercialize reform further grand, microcosmic condition is had basically already. " the Central Bank is being accepted about chief when interviewing, say, look from macroscopical level, the economy of current our country moves overall and smooth, value circumstances is stabilized basically, it is the favorable opportunity that pushs reform further. From mifree watch casecrocosmic on look, advance steadily as what in recent years finance reforms, hard tie of financial orgnaization finance affairs is farther aggrandizement, own price ability rises ceaselessly, the financial environment that enterprise and dweller fix a price to commercializing also more suit.
Additional, look from market base, pass old construction to breed, interest rate of short-term loan of a person of same business between Shanghai bank (Shibor) already became enterprise bond, derive article those who wait for price of Wu of financial product kimono is important and fiducial; Look from adjusting control ability, monetary policy the channel that to money market of all kinds product conducts is relatively expedite already also. "In evaluate degree of maturity of each foundation condition to be paid attention to in the round be on guard below the premise of the risk, the Central Bank decides to advance interest rate to commercialize reform further. " this chief says.
Be helpful for turning meathe best spring poolns moves a structure
Current, our country finance moves overall and dovish, but capital distributings unreasonable problem still is. End travel data shows, up to remaining sum of M2 of money of endthe best selling watch cases broad sense was as high as one hundred and five thousand four hundred and fifty billion yuan in June, but capital use efficiency is not tall, and have quite one share capital did not flow into hypostatic economy. This brought local debt to expand not only, the risk hidden danger such as shadow bank, prices and asset still were driven to rise in price on certain level. A large number of capital flow into estate, " two tall one remnant " wait for a domain, problem of sex of compose of finish of farther aggravate.
Be in especially in June the last ten-day of a month, as a result of a series of disturbance that insecurity of fund of the market between the bank causes, financial domain capital " idling " the problem is exposed without involuntary discharge of urine. This is meant, dish put an amount alive, optimize financial natural resources to configure, it is the key that owner of the finance that defeat solution wants an issue, also be the main impetus that moves a structure. Accordingly, advance interest rate to commercialize reform extremely urgent.
After floor level of loan interest rate is unlocked, financial orgnaization and client negotiate the space of the price to will expand further independently, be helpful for profree modern dining chairsmoting financial orgnaization to adopt the price strategy of poor dissimilation on one hand, reduce industry financing cost, increase own price capacity ceaselessly, change manages mode, promotion serves a level, the finance that increases pair of enterprises, dweller further supports strength. On the other hand, will make an enterprise choose different financing channel according to oneself condition, wait increasingly through bond, stock as the enterprise undertake direct financing, be helpful for developing direct financing market not only, the diversity of stimulative society financing, also add the space with larger put apart of loan of small small company for financial orgnaization.
Rural credit agency is the main force that rural finance serves, establish upper limit to interest rate of loan of rural credit agency no longer, the principle that is helpful for rural credit agency covering a risk according to accrual fixes a price independently, rise extend the apirationbrass faucet aerator of money of experience agriculture loans, to promoting improvement rural banking service has active sense.
Reliable and orderly push reform
Coulee of week of Central Bank president ever expressed, our country still is shunt economy, economic moving environment is complex, monetary policy conducts a mechanism inadequate still expedite and perfect, interest rate commercializes reform to still need to interact in many domains and be promoted each other, because this should have a program, measure, adamantine ground tries to advance.
This interest rate commercializes reform, also reflected the characteristic of successive. For instance, this reform was opposite policy of active interest rate of loan of commerciality individual housing is made adjust, floor level of its interest rate still maintains for loan of standard interest rate 0.7 times changeless. The Central Bank expresses, this is to carry out implement policy of adjusting control of concerned estate market, restrain investment speculation to buy room demand, stimulative estate market makes the same score steady healthy progress, because this requirement commercial bank continues,carry out a difference strictly to harrison hot spring weather forecastchange housing credit policy.
Industry thinks generally, interest rate commercializes the link with the the most important, most difficult reform to depend on adjusting saving interest rate. And this reform has not enlarge interval of float of interest rate of financial orgnaization saving further. "What basically consider is, the influence that saving interest rate commercializes reform is more far-reaching, asks condition is opposite also taller. " the Central Bank says about chief, since 2003, company of orgnaization of our country finance administered reform to obtain significant progress, but have not reach the designated position completely, at the same time deposit insurance system, money market exits the mechanism of form a complete set such as the mechanism to also be in work up process. For this, central Bank general perfects saving inharrison hot spring dealterest rate commercialize the each foundation condition of a need further jointly with concerned branch, reliable and orderly grthe best selling north face shirtsound advances saving interest rate to commercialize.
This controller still expresses, central Bank of below one phase will continue to perfect commercialize interest rate to form a mechanism, optimize money market system of standard interest rate, build perfect finance orgnaization own price mechanism, indebted product commercializes escalate price limits, mechanism of market of older rate play configures medium fundamental sex action in financial natural resources. Economic daily
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