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China should push market-based financial reforms - central bank adviser

Reuters  |  BEIJING 

BEIJING (Reuters) - China's central bank policy adviser Huang Yiping said on Wednesday that bank lending rates in China should be market-based and that policymakers should not rely on administrative measures to lower funding costs.Policymakers should push market-based financial reforms while improving supervisory systems, Huang, a professor at Peking University, said at a financial forum in Beijing. China has moved to liberalise deposit and lending rates over the past decade, but the state-led banking sector still faces significant government involvement, from setting of lending quotas to ...

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First Published: Wed, November 15 2017. 13:29 IST