China Merchant Bank Denies Pilot Program for Deposit Rate Liberalization
Published:
2011-02-16
The China Merchant Bank and the Bank of Beijing have denied rumors that commercial lenders have been free to set market-based interest rates for certain deposits in the past two months. Lu Lei, the Deputy Dean of Guangdong Financial College has stated that the liberalization of deposit rates will be achieved during the 12th Five-Year Plan period.
Source
21st Business Herald
The views posted here belong to the commentor, and are not representative of the Economic Observer |
Related Stories
- What Brought China's Railway Minister Down?
- Australia does not want to become an open pit in the southernmost province of China
- Monitoring of money spent became a mere formality as the city was rushing to finish building the airport as a gift to celebrate China's 60th anniversary
- China's CPI Up 4.9% in January
- China's Trade Surplus in January Down by Over 50%
Popular
- INTERVIEW
- Interview with Prof. Carmen M. Reinhart, Senior Fe...
- Up Next for Advanced Economies: Fiscal Crisis
Interactive
A recent CCTV survey shows that 44.7% of Chinese citizens are happy, and 11.1% believe they are unha...
Multimedia
Take a look back at some of the most important news events that helped shape China in 2010
- EEO.COM.CN The Economic Observer Online
- Bldg 7A, Xinghua Dongli, Dongcheng District
- Beijing 100013
- Phone: +86 (10) 6420 9024
- Copyright The Economic Observer Online 2001-2011