19 April 2019

PBoC chief sees narrower interest-rate spreads, paper says

People’s Bank of China (PBoC) governor Zhou Xiaochuan {周小川} said interest-rate spreads in China may narrow with financial reforms, although the extent of the change may be smaller than anticipated, the China Securities Journal reported Tuesday. The equilibrium price of capital in the country is relatively high at present as there is large demand for funds, Zhou was quoted as saying in an interview. He stressed that the capital equilibrium price will be decided by the total supply and demand in the market in the future. In other comments, Zhou said the pilot policies for Shanghai free trade zone will be taken nationwide later.

– Contact HKEJ at [email protected]



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