久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

China plans to free deposit rate in 2 years

(chinadaily.com.cn) Updated: 2014-03-11 10:20

China plans to free deposit rate in 2 years
Press conference for the Second Session of the 12th National People's Congress. [Wang Jing / China Daily]

 
China plans to?free deposit rate in 2 years

China plans to free deposit rate in 2 years

China is set to fully liberalize its interest rate within one or two years, in a bid to further reform the financial sector, the Central Bank governor Zhou Xiaochuan said on Tuesday at a news briefing during the two sessions.

"We will let the market play its due role in interest rate liberalization. That's for sure," Zhou said. "Deposit rate is set to ease within one or two years. It's part of our plan."

He added that interest rates will possibly go up, but will eventually level in the longer term due to market forces and competition.

Financial reforms, including yuan globalization, banking regulations, private equity, debt risks control, will be launched with zeal, although some steps may take three or five years, Zhou said.

The country has stepped up its efforts to push for economic reforms in recent years, rolling out a slew of measures and regulations in the process.

"Reforms in other fields, including rural reforms, resource distribution and economic opening-up, will also involve financial reforms," Zhou added. "We will get them done step by step."

China wants insurance to cover catastrophic events

China plans to free deposit rate in 2 years

Establishing an insurance system that covers catastrophic events is an important and urgent task for the Chinese government, said Xiang Junbo, president of the China Insurance Regulatory Commission.

Globally, about 30 to 40 percent of disaster losses are covered by the insurance system. However, the level is only about 1 percent in China.

For instance, the Wenchuan earthquake caused 845.1 billion yuan ($137.84 billion) in direct economic losses, but insurance covered only 2 billion yuan, accounting for 0.2 percent, said Xiang.

The Chinese government has been planning to establish an insurance system that covers catastrophic events and has been pushing for legislation, said Xiang.

Two pilot projects have been prepared. One is in Yunnan province, providing property insurance to more than 500,000 rural households against earthquake. The other one is in Shenzhen, providing casualty insurance to every citizen against earthquake, typhoon and tsunami.

China to improve capital market system

China plans to free deposit rate in 2 years

The main theme of 2014's tasks is to improve multi-level system of the capital market, said Xiao Gang, chairman of the China Securities Regulatory Commission,

China will further develop the multi-level stock market, including the main board, small- and medium-sized enterprise board and growth enterprise market, said Xiao.

The regional equity market will be incorporated into the multi-level capital market on the basis of clean-up and rectification, Xiao added.

China will also further deepen the reform of bond market, develop futures markets and its derivative market and boost the private capital market, according to Xiao.

SAFE takes steps to reform forex management

China plans to free deposit rate in 2 years

The State Administration of Foreign Exchange (SAFE) has boosted the competitiveness of Chinese enterprises and financial organizations by reducing 70 percent of administrative examinations in recent years, said Yi Gang, vice-governor of the central bank and head of SAFE.

The department has carried out five measures to reform the exchange management: Shifting focus from examination to monitoring and analyzing; moving focus from proactive regulation and supervision to post-mortem supervision; shifting focus from monitoring management behavior to management of the main body of the enterprises or financial organization; moving focus from the presumption of guilty to innocence; from positive list to negative list, said Yi.

These five steps provide a convenient platform for trade and investment. By reforming the import and export receipt verification system, the average time of a single transaction has been shortened to less then 10 minutes from more than 20, he said.

By streamlining administration, especially foreign debts and foreign direct investment process, the SAFE has enhanced the capital account convertibility. To counter the risk of cross-border capital flow and changes in the global financial market, the SAFE plans to strengthen supervision, said Li.

Pilot private banks to be established

China plans to free deposit rate in 2 years

The China Banking Regulatory Commission (CBRC) has allowed private banks to be established, and it will create five pilot projects in Tianjin, Shanghai, Zhejiang and Guangdong, said Shang Fulin, chairman of the CBRC.

The pilot project will be operated on a co-sponsor system, which means there will be no less than two investors in each private bank. The CBRC will take all measures to boost the presence of private bank and will approve them after studying the pilot project. The private banks will operate under national regulatory system and under CBRC supervision. They will run independently and will focus on small or micro firms and community services to promote the financial system in the country. The banks should take steps to control risks and losses so as to protect customers’ rights and interests. The CBRC will strengthen supervision of shareholders to stop private banks shifting their core functions to financing tools.

Renminbi internationalization on way

China plans to free deposit rate in 2 years

Although more and more people are using yuan in the international trade, its proportion in the international trade is still low compared to other currencies, said Zhou Xiaochuan, governor of People's Bank of China (PBOC).

Making it a truly global currency is a long process, but the PBOC is trying to remove some unnecessary restrictions and controls. The central bank respects market participants' choices, and will provide more incentives to traders to use yuan. In addition, the PBOC is promoting the gradual conversion of yuan capital items.

Steel industry faces adjustment and restructuring

China plans to free deposit rate in 2 years

The Chinese government supports adjustment of the industrial structure and encourages mergers and reorganizations of some outdated and overcapacity companies, said Shang Fulin, chairman of the China Banking Regulatory Commission.

Some of them were even shut down to improve the capacity of some high-efficient ones.

The central bank is strictly regulating the process of providing credit to the steel industry. It will refuse to provide loans to the firms if they fail to meet environmental requirements.

PBOC considers lifting conversion cap in HK

China plans to free deposit rate in 2 years

Although more research is needed before restrictions on 20,000 yuan daily conversion cap per person is lifted in Hong Kong, there will be less controls over the RMB in the future, said Zhou Xiaochuan, governor of the central bank.

"The proposal to relax the policy was raised last summer, so we need time to look into it”, Zhou said. "But PBOC will relax more rules to speed up the convertibility of renminbi."

He said Hong Kong should continue its innovation and development and keep strengthening its competitiveness, adding that the "PBOC is always supportive of Hong Kong's development".

China to enhance agricultural insurance supervision

China plans to free deposit rate in 2 years

China will expand coverage of insurance to food production, said Xiang Junbo, president of the China Insurance Regulatory Commission.

According to Xiang, problems remain in the insurance sector in the agriculture industry. China needs to expand insurance coverage and form a catastrophe risk mechanism as well as solve problems regarding settlement claims.

Xiang said that China has a positive and supportive view on foreign insurance companies participating in the country's agriculture sector in the future. Capability and service coverage of these companies will be the deciding factor, he said.

China will strengthen supervision and implement insurance regulations as well as prevent risks, especially to ensure the ability to withdraw catastrophe risk insurance reserves in full to prevent systematic and regional problems from happening.

China will make it easier for smaller firms to get loans

China plans to free deposit rate in 2 years

Growth rate of loans provided to small- and micro-sized and rural companies has been on par with the average rate of loans provided to all kinds of enterprises in the past five years, said Shang Fulin, chairman of the China Banking Regulatory Commission.

Volume of loans disbursed also increased in the same period, he said.

Currently, banks have to pay more to acquire information about small- and micro-sized companies and small- and micro-sized companies have to bear higher interest rates, as well as intermediate expenditures and guarantee fees, which results in barriers between the two sides.

To improve the situation, an information platform for small- and micro-sized companies will be built, which will enable banks to get information conveniently, said Shang. Guarantee organizations are encouraged, Shang added.

 

Hot Topics

Editor's Picks
...
...
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    一区二区在线免费| 天天av天天翘天天综合网色鬼国产| 成人一区二区三区中文字幕| 国产精品美女久久久久久久网站| www..com久久爱| 亚洲线精品一区二区三区八戒| 欧美人狂配大交3d怪物一区| 久久精品国产**网站演员| 久久精品日韩一区二区三区| 99麻豆久久久国产精品免费优播| 亚洲一区二区精品视频| 日韩精品自拍偷拍| 成人黄色av网站在线| 亚洲韩国精品一区| 精品国产凹凸成av人导航| 99亚偷拍自图区亚洲| 亚洲高清免费观看| 久久久国际精品| 欧美在线观看视频在线| 激情久久五月天| 亚洲免费毛片网站| 日韩欧美久久久| 成人黄色免费短视频| 婷婷六月综合亚洲| 国产免费久久精品| 欧美日韩精品一区二区三区蜜桃| 另类的小说在线视频另类成人小视频在线 | 欧美亚州韩日在线看免费版国语版| 免费人成网站在线观看欧美高清| 欧美国产成人精品| 欧美日韩国产高清一区二区| 国产一区二区导航在线播放| 亚洲综合男人的天堂| 欧美精品一区二区三区蜜桃 | 亚洲综合色丁香婷婷六月图片| 欧美成人精品1314www| 91视视频在线观看入口直接观看www | 欧美日韩久久久一区| 粉嫩av一区二区三区粉嫩| 亚洲国产精品天堂| 国产欧美一区二区精品性| 在线观看一区不卡| 国产成人综合亚洲91猫咪| 香蕉久久夜色精品国产使用方法| 国产欧美日韩另类视频免费观看| 欧美日韩国产色站一区二区三区| 成人爽a毛片一区二区免费| 天堂成人国产精品一区| 亚洲国产成人午夜在线一区| 日韩一级高清毛片| 色婷婷久久99综合精品jk白丝| 国产一区日韩二区欧美三区| 亚洲国产日韩a在线播放| 欧美激情中文字幕| 日韩一区国产二区欧美三区| 91美女蜜桃在线| 国产精品99久久久久久似苏梦涵| 天堂va蜜桃一区二区三区| 亚洲丝袜美腿综合| 国产日韩av一区| 日韩欧美色综合| 欧美日韩视频在线一区二区| av网站免费线看精品| 国模大尺度一区二区三区| 亚洲123区在线观看| 一色桃子久久精品亚洲| 久久久久久久久久久久电影| 日韩一区二区三区视频| 欧美性色欧美a在线播放| voyeur盗摄精品| 国产激情视频一区二区三区欧美| 蜜臀91精品一区二区三区| 五月综合激情婷婷六月色窝| 亚洲免费观看高清完整版在线观看 | 欧美欧美欧美欧美| 色久优优欧美色久优优| av不卡在线播放| 国产精品羞羞答答xxdd| 蜜桃av一区二区| 日韩电影免费一区| 视频一区视频二区在线观看| 亚洲综合色在线| 亚洲免费av高清| 亚洲摸摸操操av| 18涩涩午夜精品.www| 国产精品久久久久天堂| 欧美韩国一区二区| 欧美精彩视频一区二区三区| 久久久精品综合| 国产亚洲精品久| 精品粉嫩aⅴ一区二区三区四区| 欧美一区2区视频在线观看| 欧美美女一区二区在线观看| 欧美专区日韩专区| 欧美吞精做爰啪啪高潮| 欧日韩精品视频| 欧美视频一区二区三区四区 | 在线观看av一区| 在线免费观看日本欧美| 色8久久人人97超碰香蕉987| 91影院在线观看| 91婷婷韩国欧美一区二区| 色综合中文字幕国产 | eeuss鲁片一区二区三区在线观看| 国产成人自拍网| 国产99久久久国产精品潘金| 国产成人欧美日韩在线电影| 国产成人午夜高潮毛片| 夫妻av一区二区| www.欧美.com| 91福利在线免费观看| 欧美亚洲国产一区二区三区va| 欧美视频中文一区二区三区在线观看| 欧美性猛交一区二区三区精品| 欧美日韩一区中文字幕| 欧美一区午夜视频在线观看 | 中文字幕精品一区二区精品绿巨人 | 国产在线国偷精品免费看| 国产福利一区二区| 99re这里都是精品| 91色porny蝌蚪| 欧美军同video69gay| 日韩一区二区高清| 久久久久久黄色| 国产精品国产成人国产三级 | 91香蕉视频mp4| 欧美日韩在线三级| 精品美女在线播放| 国产精品美女久久久久久久| 亚洲免费观看高清完整版在线 | 一区二区在线免费观看| 午夜精品久久久久影视| 美脚の诱脚舐め脚责91| 国产成人精品免费网站| 色狠狠一区二区| 欧美一级免费观看| 国产亚洲精品久| 一区二区三区久久| 日韩av电影天堂| 国产高清不卡一区| 在线欧美日韩国产| 日韩精品在线一区二区| 国产精品你懂的| 亚洲国产综合91精品麻豆| 精品一区二区三区蜜桃| 成av人片一区二区| 欧美精品 国产精品| 久久久www成人免费无遮挡大片| 亚洲男人天堂一区| 免费看日韩a级影片| 成人动漫视频在线| 91 com成人网| 中文字幕av一区二区三区| 亚洲gay无套男同| 国产91精品一区二区麻豆网站| 欧洲精品在线观看| 久久精品视频一区| 亚洲国产人成综合网站| 国产在线精品一区二区三区不卡 | 久久精品久久综合| 99视频有精品| 日韩欧美国产综合| 综合久久久久久| 极品尤物av久久免费看| 色999日韩国产欧美一区二区| 欧美tickling网站挠脚心| 亚洲女同女同女同女同女同69| 久久精品国产亚洲高清剧情介绍 | 成人福利视频在线看| 国产99精品视频| 538prom精品视频线放| 成人欧美一区二区三区1314| 美女高潮久久久| 欧美怡红院视频| 中文字幕免费一区| 另类小说欧美激情| 欧美日韩在线不卡| 国产精品人妖ts系列视频| 日本麻豆一区二区三区视频| 91丝袜美女网| 337p粉嫩大胆色噜噜噜噜亚洲| 一区二区三区波多野结衣在线观看| 国产精品资源网站| 这里只有精品免费| 亚洲色图一区二区| 国产精品2024| 91亚洲永久精品| 精品国产乱码久久久久久牛牛 | 欧美久久婷婷综合色| 欧美一区2区视频在线观看| 国产精品国产三级国产有无不卡 | 激情综合色综合久久综合| 欧美亚洲动漫另类| 国产精品国产三级国产aⅴ原创| 久久精品国产一区二区三区免费看| 欧日韩精品视频| 中文字幕亚洲一区二区va在线| 久久99久久久久久久久久久| 欧美专区亚洲专区| 亚洲视频图片小说|