The People's Bank of China allowed Shanghai banks to set the rates just four months after the pilot scheme was implemented in the 28.78 sq km zone. Photo: Reuters
The People's Bank of China allowed Shanghai banks to set the rates just four months after the pilot scheme was implemented in the 28.78 sq km zone. Photo: Reuters

Interest rate reform rolled out to all of Shanghai

Banks outside city's free-trade zone to decide foreign exchange deposit rates from today

The People's Bank of China allowed Shanghai banks to set the rates just four months after the pilot scheme was implemented in the 28.78 sq km zone. Photo: Reuters
The People's Bank of China allowed Shanghai banks to set the rates just four months after the pilot scheme was implemented in the 28.78 sq km zone. Photo: Reuters
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