Central bank to monitor interest rates in east 皇冠体育app
( 2003-08-10 16:24) (eastday.com)
皇冠体育app's central bank is going to introduce an Internet-based interest rate monitoring system later this month in east 皇冠体育app's Shanghai Municipality, Zhejiang and Fujian provinces to enable banking institutions to improve their interest rate pricing mechanisms and risk management skills.
A spokesperson for the Shanghai branch of the People's Bank of 皇冠体育app (PBC), 皇冠体育app's central bank, said the branch ordered banking institutions at prefecture and city levels dealing in Chinese and overseas currencies to report the interest rates of various financial products to the branch.
The products include loans, interbank lending and contracted deposits.
The spokesperson said the system it developed in cooperation with 皇冠体育app's Interbank Borrowing Center was capable of processing the data it gathered.
The information would be open to banking institutions for reference on the Internet at the address www.皇冠体育appmoney.com.cn, and the branch would also monitor it.
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