A Study on Interest Rate Liberalization in China

This book explores the relationship between interest rate liberalization and the reform of China's financial system. It covers many important topics about China's financial system including the role of deposit and lending rates, yields to investment, the relationship between investment and real interest rates, the impact of interest rate liberalization on resident saving, mechanism for RMB exchange rate determination, and policies necessary for interest liberalization. The book also discusses key impediments, path choice, and policy recommendations for China's interest rate liberalization.

Professor Wang Guogang, born in 1955, is Director General, Institute of Finance & Banking (IFB), Chinese Academy of Social Sciences (CASS) and Academy Member of Academic Divisions of Economics in CASS. He also serves as Deputy Chief Secretary, China Society for Finance & Banking. Professor Wang received his Ph.D. in economics from Renmin University of China. His academic interests focus mainly on financial market and economic system reform. He has published 45 monographs and over 700 research articles and review essays as well as organized and participated in 40 state-level research projects and international cooperative studies. He was involved in the formulation of many financial laws and regulations, such as Company Law and Securities Law, in China. He holds the honorary title of "The State Outstanding Specialist with Remarkable Contributions to the Country" given by the State Council. He is also an awardee of many other honours including over 10 national and provincial academic awards.