Reform Of China's Interest Rate Market

After twenty years reform, China has generally set up the market economy. Now, more than 95 percent commodities' prices have been marketized. But a very important part?the reform of finance system has been delayed compared with the other aspects. The interest rate ,which is regarded as the price of the money, is still in strict control. This has been a bottleneck of our reform of finance system to some extent. The marketization of interest rate is the request of our market economy development. It is also the established aim of the interest rate managerial system reform. The marketization of interest rate is significant to the finance system reform and the optimization of the economy structure. To expedite the step of the marketization of interest rate is a notable problem.This paper mainly includes five chapters:the first chapter focally analyzed the implied meaning and the significance of the marketization of interest rate reform; the second chapter discussed the international experiences and lessons of the marketization of interest rate, including developed countries and developing countries; the third chapter recounted the condition of our country's interest rate system; the fourth chapter analyzed the macroscopical risks of the reform and the strategies for proceeding; the fifth chapter analyzed some complementary measures of the marketization of interest rate reform.