The Central Bank Will Set Up A Deposit Insurance System &Nbsp; Stabilizing Prices Will Become A Top Priority.

　 　 Central Bank Yesterday disclosed the contents of the 2011 Annual Meeting and identified four major tasks of the central bank this year. Stabilize prices Put in the first place. At the same time, establish deposit insurance system It has also been included in the main tasks of the central bank in the current and future period, which means that the deposit insurance system will break down after many years of deliberation.

Experts say deposit insurance pave the way for interest rate liberalization.

The deposit insurance system is a kind of financial guarantee system. It refers to the payment of insurance premium by the depository institutions at a certain deposit ratio and the establishment of deposit insurance reserves. When a business crisis or bankruptcy occurs, the deposit insurance institution will provide financial assistance or directly pay deposits or deposits to the depositors.

"The central bank will set up a deposit insurance system in the main tasks of the current and future period, which means that the deposit insurance system has been put on the agenda of the central bank. It is likely that there will be a breakthrough in the near future, and the deposit insurance system will soon break the ice to pave the way for the marketization of interest rates." Lu Zheng commissar, chief economist of Xingye Bank, said.

At present, the marketization of interest rate has been included in the "12th Five-Year plan". The gradual liberalization of interest rate control will become a long-term challenge faced by China's banking industry. In the early days of the US interest rate liberalization, the number of banks that failed each year reached 2 digits, reaching 3 figures in 1985.

Lu commissar said that after the marketization of interest rates, the pressure of financial institutions increased, the performance will be divided, and some banks may also be operating difficulties. Therefore, interest rate marketization needs ancillary institutions, and deposit insurance is one of them.

The central bank also said yesterday that steadily advancing interest rate liberalization and the reform of the RMB exchange rate formation mechanism will strengthen the assessment of the interest rate pricing ability of financial institutions and guide them to enhance their risk pricing capabilities.

Monetary conditions for controlling excessive price rise

In the main tasks of the current and future periods determined by the central bank, stabilizing prices is ranked first. The central bank said that the general level of stabilizing prices should be placed in a more prominent position in financial macro regulation and control of monetary conditions for excessive inflation.

The central bank said it will continue to implement a prudent monetary policy. We should control the total liquidity gate and guide the reasonable growth of the total amount of money and credit so as to maintain a reasonable scale of social financing. According to the changes in the economic and financial situation and foreign exchange movements, we should comprehensively use the price and quantity tools such as interest rate, deposit reserve ratio and open market operation to maintain a reasonable and moderate liquidity in the banking system. The implementation of differential reserve dynamic adjustment measures will guide monetary and credit growth smoothly and moderately.

Central University of Finance and Economics professor Guo Tianyong (micro-blog) said that at present, the economic growth in the first half of this year is more optimistic. Therefore, controlling inflation in the first half of this year will be the main task. The overall environment of macroeconomic regulation and control is tight. In the second half of this year, we may make flexible adjustments according to the change of economic growth rate.