News Column

Small For-currency Deposit Interest Rate to Market-oriented

February 26, 2014

SHANGHAI, February 26, SinoCast -- The interest rate of foreign-currency deposits below USD 3 million will be market-oriented, which will be piloted from Shanghai Pilot Free Trade Zone, disclosed an insider close to the zone.

The detail rules on the interest rate marketization will be released at least this week and will be implemented in the Shanghai zone and then replicated across the country.

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Source: Sinocast Banking & Credit Beat (China)

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