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    Financial reform within 5 years: official  

    戴相龍:人民幣自由兌換五年內或有重大進展

    全國社會保障基金理事會理事長戴相龍12日在天津表示,圍繞著利率市場化和人民幣國際化,中國金融改革未來有四方面的問題要去突破。

    2012-09-13 14:28 Ecns.cn     Web Editor: Mo Hong'e comment

    Tianjin (CNS) – China could liberalize its capital account as early as 2015, a former central bank governor said Wednesday.

    "Under normal circumstances, China will have the conditions to make major breakthroughs in capital account liberalization within the next three to five years," Dai Xianglong, chairman of the National Council for Social Security Fund, said during the 2012 Summer Davos Forum in north China's Tianjin.

    However, he said the actual pace of financial reforms will be affected by the state of international and domestic financial systems.

    The central bank has gradually loosened its grip on interest rates since June this year, allowing banks to offer a deposit interest rate 10 percent above the benchmark and a lending rate 30 percent below it.

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    戴相龍:人民幣自由兌換五年內或有重大進展

    全國社會保障基金理事會理事長戴相龍12日在天津表示,圍繞著利率市場化和人民幣國際化,中國金融改革未來有四方面的問題要去突破。

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