Caixin OnlineFinance & EconomicsTop Stories Finance Liberal Urge Gaining Support for Bank Policy
07.18.2013 19:19

Liberal Urge Gaining Support for Bank Policy

Interest rate reform is now a top government priority that could spawn a lot more financial initiatives
By staff reporters Li Xiaoxiao, Huo Kan and Zhang Yuzhe

The orchestra is tuning up for an interest rate liberalization initiative that financial analysts are calling music to their ears.

Recent high-level comments and policy statements heard in Beijing have clearly sounded a central government call for regulators to slowly relax bank lending and deposit rate controls, and thus give financial institutions more room to charge customers according to market conditions.

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