How To Manage Money: The Interest Rate Gap Will Widen In The Year.

Yesterday's conference, Zhou Xiaochuan said that the interest rate marketization first changed from large to small businesses, from loans to deposits. In short, much progress has been made.

He pointed out that "if there is an opportunity this year, the deposit interest rate ceiling will be released. The last step we expect is coming out. This probability should be very high."

At the press conference, the vice president of the central bank and Yi Gang, director of the State Administration of foreign exchange, also said that at present, commercial banks in China have been able to differentiate prices, and there are different camps in interest rates.

Since the liberalization of lending rates of financial institutions in July 20, 2013, we have abolished the lower limit of 0 .7 of lending rates for financial institutions. Financial institutions have independently determined the level of loan interest rates according to commercial principles, and the pace of liberalization of interest rates has been getting closer and closer.

At the end of last month, the central bank also announced and raised the deposit interest rate ceiling from 1.2 times the benchmark interest rate to 1.3 times.

From the adjustment of the independent pricing space in the past, some small and medium-sized banks always attract more funds at the first time.

In China, the lower limit of loan interest rate has already been completely liberalized. If the deposit interest rate ceiling is completely liberalized, the marketization of interest rate can be basically completed.

However, liberalization of interest rate liberalization will be a great challenge for banks.

For example, after the implementation of interest rate liberalization in Taiwan, there was a tide of bank failure.

Zhou Xinsheng, a member of the CPPCC National Committee and Changan banking supervisors, said that most of China's small banks have not experienced the baptism of the real market economy, and their own differentiated and distinctive business models have not yet been finalized.

Once fully liberalized, small banks need a pitional period.

In an interview with Nandu reporters yesterday, Ye Qing, a 360 analyst, said that once the deposit interest rate was marketed, banks could float their interest rates on their own.

It is foreseeable that competition among banks will become more intense.

To get more capital, banks will use all kinds of means, and the most direct way is to raise interest rates, especially small and medium-sized banks.

As a result, savers' options for banks have been expanded, which is good for depositors. Depositors can compare the actual interest rates of banks and choose the banks that are most suitable for their own needs according to actual needs.

Zeng Gang, director of the banking research office of the Financial Research Institute of the Chinese Academy of Social Sciences, said that after the liberalization of interest rates, banks would not be able to float interest rates without restrictions. From a business point of view, there are breakeven points, but banks are different, which will lead to a more diversified deposit pricing system in the market.

However, Ye Qing also pointed out that after the interest rate liberalization, there is little possibility of high interest rates in the short run.

"The central bank will also pay close attention to the floating rate of deposit interest rate. If some banks are particularly radical, the central bank can guide some banks to reduce the interest rate."

Ye Qing suggested that in the long run, there should be a balance between interest income and risk.

At the press conference,

The deposit insurance system, as an important step in financial reform, has been preparing for a period of time. At the end of last year, the deposit insurance Ordinance had been consulted publicly.

After asking for advice, the result is also positive.

He said that this indicates that the conditions for setting up a deposit insurance mechanism are basically ripe. "I personally estimate that the first half of this year can be introduced."

The so-called deposit insurance system is that banks pay premiums to the deposit insurance institutions in a certain proportion. Once a business crisis or bankruptcy occurs, the deposit insurance institution can provide financial assistance to them or pay some or all of their deposits to their depositors.

Ye Qing said that the way the government paid for banks in the past was just invisible.

The deposit insurance system will be introduced in the future, which will help protect the interests of depositors and avoid the occurrence of runs.

In fact, the deposit insurance system has been brewing for more than 20 years in our country.

In December last year, the Legislative Affairs Office of the State Council announced the deposit insurance Ordinance (Draft).

According to the draft, deposit insurance is subject to a limit payment. The maximum repayment limit is RMB 500 thousand yuan, that is, the sum of the sum of the principal and interest of the insured deposit account of the same depositor in the same insurance institution is within the maximum repayment limit, and the bank pays the full amount. The portion exceeding the maximum repayment limit is compensated according to the law in the liquidation property of the insurance institution.

In an interview with Nandu reporters, Zeng said that the introduction of the deposit insurance system is the basis for the marketization of interest rates and the batch of private banks, which has changed the situation that deposits were guaranteed by the state in the past.

Guo Tianyong, director of the China banking research center of Central University of Finance and Economics, said that when there was no deposit insurance system, the public felt that banks were "getting bigger and bigger insurance", and deposits were gathering to large banks.

The central bank officials pointed out that the deposit insurance system can greatly enhance the credit and competitiveness of small and medium-sized banks.

Deposit insurance will create a fair competition environment for small and medium-sized banks, and promote the same competition and balanced development among all kinds of banking financial institutions.