中國人民銀行推出'大額存單' 個人30萬起購

Liberalizing interest rate

利率自由化

The People's bank of China said that it will allow the issue of large-denomination, floating-rate certificates of deposit to individuals and companies, a key step forward in interest rate liberalization.

中國人民銀行近日表示，將允許面向個人和企業等推出的浮動利率大額存單產品，此舉意味着央行向利率市場化邁出了關鍵一步。

The certificates of deposit (CD) will be tradable in the secondary market. There will be nine maturities ranging from one month to five years.

該存單期限包括1個月至5年共9個品種，可在二級市場轉讓。

The floating rates will be based on the Shanghai Interbank Offered Rate. The minimum size for individuals will be RMB300,000. For institutional investors, it will be RMB10m.

浮動利率存單以上海銀行間同業拆借利率爲基準計息。個人投資人認購起點金額不低於30萬元，機構投資人認購起點金額不低於1000萬元。

The CDs will be covered by the deposit insurance program.

存單受存款保險制度保障。