Few Chinese banks have raised their.....>

CHINA PRESS: Few Chinese banks have raised their deposit interest rates over the

past week but signals from the PBOC Governor Yi Gang indicate the central bank

may reduce restrictions for banks to do so soon, China Securities Journal

reported Friday. 

- The PBOC's removal of restrictions on deposit rates may be a gradual process,

and is not likely to remove the restrictions at the same time for all banks,

said experts, including Li Yamin, chief securities and banking analyst at Bank

of China International, as well as anonymous managers at Chinese banks. 

- Banks will not raise their deposit rates too much in order to avoid a rat

race, an anonymous bank manager said.