Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China says to retain benchmark deposit rate system for long term

February 05, 2021


Abstract : China's central bank said Thursday that the benchmark deposit interest rates, the "ballast stone" of the entire interest rates system, will be retained for the long term.

BEIJING, Feb. 4 (Xinhua) -- China's central bank said Thursday that the benchmark deposit interest rates, the "ballast stone" of the entire interest rates system, will be retained for the long term.

In a statement released after a teleconference on deposit management, the People's Bank of China (PBOC) stressed the externalities of deposit rate pricing, noting that the competition order in the deposit market is closely related to the vital interests of the people.

Positive results have been yielded after the PBOC enhanced deposit management in recent years by pushing the self-discipline mechanism for market interest rate pricing, as well as regulating the innovative deposit products, the PBOC said.

The PBOC urged further efforts to improve deposit management, strengthen the regulation of non-standard innovative deposit products and maintain the competition order in the deposit market. Enditem

Scan the QR code and push it to your mobile phone

Keyword: PBOC benchmark deposit interest rate

Reading:

China's manufacturing industry to embrace new development opportunities

Myanmar to suspend Facebook access: telecom operator

Economic recovery, firming yuan fuel foreign inflow to China's bond market

China's benchmark power coal price edges up

Interview: China's Q1 GDP likely to log double-digit growth

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial