Jun 01, 2021 08:34 PM (GMT+8) · EqualOcean
The working conference on self discipline mechanism of market interest rate pricing was held in Beijing. The meeting stressed that we should continue to play an important role in the interest rate self-discipline mechanism, and promote finance to better serve the real economy. It is necessary to optimize the supervision of deposit interest rate, strengthen the self-discipline management of deposit interest rate, and guide financial institutions to set prices independently and reasonably. According to the self-discipline initiative of strengthening the management of public information release, financial institutions should be urged to improve their internal management system and stabilize market expectations. In accordance with the relevant requirements of the people's Bank of China, urge all kinds of lending entities to express the annualized interest rate of loans.