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Financial institutions need interest....>

CHINA PRESS
MNI (London)
CHINA PRESS: Financial institutions need interest rate liberalization if they
are to provide sustainable services smaller private companies said Huang Yiping,
former advisor to the People's Bank of China, The Paper reported. Relaxation of
the rules will increase rates in the formal financial sector whilst lowering
them in the informal areas such as  shadow banking, Huang said, the paper
reported. Currently, SMEs are squeezed out of the formal financial market, while
informal financing rates are pushed up, Huang added.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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