ISJ Theoretical & Applied Science 01(93) 2021

Philadelphia, USA

Yongxin, Y., & Yuneng, D.

The process of interest rate liberalization in China: evolution, current situation and trend.

Full Article: PDF

Scientific Object Identifier: http://s-o-i.org/1.1/TAS-01-93-54

DOI: https://dx.doi.org/10.15863/TAS.2021.01.93.54

Language: English

Citation: Yongxin, Y., & Yuneng, D. (2021). The process of interest rate liberalization in China: evolution, current situation and trend. ISJ Theoretical & Applied Science, 01 (93), 329-335. Soi: http://s-o-i.org/1.1/TAS-01-93-54 Doi: https://dx.doi.org/10.15863/TAS.2021.01.93.54

Pages: 329-335

Published: 30.01.2021

Abstract: With the development of China's economic system and economic management level, the important role of the market in the allocation of resources has been gradually established in China. Reform and vicissitudes have also been experienced many times in China's interest rate management system. Interest rates from the characteristics of the strict control has been gradually transformed into certain characteristic of the market. At the same time, there are market risks in the process of interest rate liberalization reform, and the accumulation of risks should be reasonably controlled to further deepen the reform process. Starting from the process of interest rate liberalization reform, this paper focuses on the analysis of the current situation of interest rate liberalization, analyzes the problems existed in open market interest rates, and finally looks forward to the further development of interest rate liberalization reform.

Key words: interest rate liberalization, system evolution, development trend.