Since China started interest rate liberalization in 1996, China has achieved interest rate liberaliza- tion of bond market, interbank market, and discount market. However there is still a long way to go, since rates of deposit and loan, which are main business of Chinese banks, are still governed by central bank. Considering China＇s macroeconomic development in last several years, growing financial markets, improved management in banks and credit system, it＇s time for China to process further interest rate liberalization. In order to minimize im- pact of interest rate liberalization on banking, financial markets and economy, interest rate liberalization for de- posit and loan should follow several steps. Meanwhile, it＇s important to improve financial markets continuously by building deposit insurance scheme, increasing financial products, improving how to calculate and settle interest for deposit and loan, establishing professional managers, and improving credit system.%我国从1996年启动利率市场化以来，已经实现了债券市场、同业市场、贴现市场的利率市场化，取得了一定的成就，但是作为商业银行主要业务的存贷款利率市场化仍有较长的路要走。从我国宏观经济状况、金融市场的培育、银行内部管理以及信用体系的情况来看，目前进一步推进利率市场化的基本条件已经具备。为了尽可能降低利率市场化对银行、金融市场甚至经济的冲击，应该分步骤分阶段推进存贷款利率市场化。同时，在推进利率市场化的过程中，还需进一步完善利率市场化所需要的存款保险计划、丰富金融市场产品、改进计结息方式、建立职业经理人体系、完善社会信用体系。
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