Marx's Theory Of Interest Rates And China's Interest Rate Market-oriented Reform

Since the affirmative date accession to open up all RMB business to all foreign capital bank when China entered WTO and the financial reform process getting deepened, the reform of interest rate marketisation now is gestating an important promotion. The interest rate marketisation is an important procession to consummate socialism market economy. How to go step further to develop the macro-adjustment function completely of interest rate and how to promote China' s interest rate market isation is this paper' s main purpose .Taking advantage of the achievements of Marx' s interest rate theory, basing upon the economic condition of China, it tries to prove in the paper that interest rate marketisation reform is the necessary opt to our interest rate reform through historical investigations and rational analyses. At the same time,the paper emphasizes on several questions which should be grasped firmly in China' s interest rate marketisation procession. This paper has been divided into four parts. The main contents are as the following:Part one cognizes Marx ' s interest rate theory scientifically ,by expatiating on the origin, nature, development and several chief contentions of Marx' s theory about rate.In contradistinction to Marx ' s interest rate theory, part two mainly investigates the history of our interest rate mechanism, rationally points out several cognitional deviations and analyzes the reason that must be accelerated in the reform of interest rate regulation mechanism.Part three emphasizes on analyses of the attempts and research on China' s interest rate marketisation reform from 1996, points out the problems and defects still alive, goes step further to comprehend the realistic necessities of rate marketisation reform.In the last pa rt, it principally emphasizes four key problems we should grasp correctly in taking advantage of Marx' s interest rate theory during practicing interest rate marketisation reform in the future.