Press "Enter" to skip to content

PBOC pledges to improve interest rate system, to help banks shift to DR based system from Libor


Chinese central bank pledges to improve interest rate system and help banks to shift from the London Interbank Offered Rate (Libor) to a self-designed interbank repo rate, to align with international efforts ahead of the end of LIBOR at the end of 2021.

The People's Bank of China (PBOC) has formulated a roadmap and timetable for domestic benchmark conversion, based on international consensus, according to a white paper released by the central bank this week . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE - Up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information about China is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In