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
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