Central bank to further deepen LPR reform and promote lower real interest rates for loans

The Governor of the People ’s Bank of China Yi Gang said that China will continue to implement the financial opening measures announced in recent years, ensure that all measures are effectively implemented, and attract more foreign capital and private financial institutions to enter the Chinese market.

The Governor of the People ’s Bank of China, Yi Gang, said that China will continue to implement the financial opening measures announced in recent years, ensure that all measures are effectively implemented, and attract more foreign capital and private financial institutions to enter the Chinese market.

The People’s Bank of China will promote the full implementation of the pre-entry national treatment plus negative list system, set uniform access standards, and promote systematic and institutionalized opening, he said.

In the next step, the People’s Bank of China will continue to deepen LPR reform, unblock the transmission channel of currency market interest rates to loan interest rates, reduce real loan interest rates and support real economy.

At the same time, it will advance the conversion of stock loans in an orderly manner.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/27/central-bank-to-further-deepen-lpr-reform-and-promote-lower-real-interest-rates-for-loans/.

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