Home Business China International Culture��Edu Sci��Tech Sports Life Travel P hotos ��Search China Observer �� Environmental protection at a crucial moment �� Why are Chinese disinclined to show wealth? �� Rapid growth in China's foreign reserves is rational Photos �� Mobile New Year decoration booths �� Hangzhou: Ballet "Notre Dame De Paris" on show �� Rooster-shaped wine bottle ��Home>>Business Central bank to advance marketization reforms of interest rates www.chinanews.cn 2005-02-02 12:24:13 Chinanews, Jan. 31st - Today, the People's Bank of China (PBC) issued, on its official website, a supplement to its Executive Report of China's Monetary Policy titled "Report of Steadily Advancing the Marketization Reforms of Interest Rates". The report pointed out that the central bank would continue to push forward marketization reforms of interest rates in 2005, to improve the abilities of financial institutions to self-accumulate and self-develop, as well as to enhance the capabilities of asset-liabilities management and loan pricing based on risks. The report also pointed out that in order to achieve the goal of boosting the marketization reforms of interest rates, the central bank will strengthen financial institutions' build-up of mechanisms to price interest rates and establish sound scientific pricing methods according to the principle of risk commensurate with reward. Meanwhile, it is necessary to strengthen the construction of the central bank's interest rate management system, and progressively establish healthy interest rate adjustment and control structures. E-mail: zhangqinghua@chinanews.com.cn Tel: 8610-88387443 Fax: 8610-68327649 Copyright� 2004 Chinanews.com. All rights reserved. Reproduction in whole or in part without permission is prohibited. Disclaimer: viewpoints in the website do not represent China News Service Learn Chinese, Chinese Mandarin