利率体制改革（Interest rate system reform）.docVIP

利率体制改革（Interest rate system reform） The interest rate as one of the most important elements of the price, it not only reflect the supply and demand of funds, but also has a decisive effect on the improvement of macro and micro economic operation quality, the fundamental meaning of the marketization of interest rate is the interest rate deregulation until completely liberalized interest rates, determined by market supply and demand rate. But the interest rate market is a double-edged sword, when conditions are ripe to the virtuous cycle of interest rate liberalization, the macro economic development on the other hand, if the conditions are not met, will be a negative effect on the macro economy, even cause the situation out of control. The interest rate liberalization is one of the important steps for Chinas financial industry to move towards the market, and also one of the basic signs of the transformation of the national economic operation system into the market economy. I. interest rate control system in China Since the founding of the peoples Republic of China in 1949, under the planned economic system, the interest rates in China are controlled interest rate types: interest rates are formulated by the State Council and managed by the peoples Bank of china. On the basis of the continuous progress of the reform process, the peoples Bank of China Law adopted in 1995 stipulated that interest rate matters shall be decided by the peoples Bank of China and submitted to the State Council for approval. The formation of interest rate management system in China has its special historical background. At the beginning of the founding of new Chinese, due to severe inflation, speculation and loansharking activities, the government has taken a series of strict control measures, including interest rate control. But as Chinas market development, between the highly centralized control of interest rate and frequent changes in commodity prices and other market rules flexible economi