1st Edition

Market-Based Interest Rate Reform in China

    214 Pages
    by Routledge

    214 Pages 44 B/W Illustrations
    by Routledge

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    The market-based interest rate reform remains a core part of China’s financial reforms, and an important topic of both theoretical and policy studies. This book presents a comprehensive analysis of the process and logic of China’s interest rate reform from a historical perspective. It is structured along three lines, i.e. loosening interest rate controls, establishing market-based interest rates, and building an effective interest rate adjustment mechanism, and systematically reviews the characteristics and evolvement of the reform process. The book further explores the lessons and challenges of the reform by examining China’s development stage and auxiliary reforms needed, and offers policy recommendations on how to further push forward the reform.

    Preface  Chapter 1 Interest Rate Deregulation: China’s Path  Chapter 2 Characteristics of China’s Interest Rate System  Chapter 3 Central Bank Interest Rate Adjustment over the Course of Market-based Interest-rate Reform  Chapter 4 Interest Rate Liberalization and Economic and Financial Development  Chapter 5 Market-based interest rate reform and the construction of related systems Chapter 6 Overall Evaluation and Policy Recommendation on China’s Interest Rate Reform  References Index


    China Finance 40 Forum (CF40) is a leading independent think tank dedicated to policy research in the fields of macroeconomics and finance. In addition, it is a platform with over 300 members from governmental agencies, financial institutions, and academia. The core membership consists of about 40 influential experts around the age of 40.

    CF40 Research Group members: Lu Lei, Liu Xiangyun, Niu Muhong, Li Hongjin, Mo Wangui, Zhang Huaiqing, Ma Zhiyang, Chen Jun, Yao Jingchao, Wang Jinhui, Guo Qi, Zhang Zhaoyan

    Main translators: Tao Mengying, Xie Yuelan, Qu Qiang, Hu Bing, Gao Zheng, Sam Overholt, Niu Muyao