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Pilot to float interest rates starts at CMB

By Mao Lijun and Wang Xiaotian | China Daily | Updated: 2011-02-15 07:50

Pilot to float interest rates starts at CMB

A girl reads a cell phone message in front of an ad for China Merchants Bank (CMB) in Shanghai. CMB is the only commercial bank chosen for a deposit rates liberalization trial. Shen Jingwei / For China Daily

BEIJING - Chinese banking authorities have started a pilot program at China Merchants Bank (CMB) to liberalize its deposit rates as the nation accelerates its step to float interest rates, a source familiar with the matter told China Daily.

Pilot to float interest rates starts at CMB

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