10 March 2014
China’s central bank is to remove interest rate ceilings on smaller foreign currency deposits in the Shanghai pilot free trade zone (FTZ). Banks in the city will be free to set interest rates for foreign currency deposits under $3 million in the zone, according to a People’s Bank of China (PBoC) statement.
To read this article in full, please go to http://www.profit-loss.com/?q=node/27086
- Joy Macknight
- I am deputy editor at The Banker, a Financial Times publication. I joined the magazine in August 2015 as transaction banking and technology editor, which remain the beats I cover. Previously I was features editor at Profit & Loss, an FX and derivatives publication and events company. Before that I was editorial director of Treasury Today following a period as editor of gtnews.com. I also worked on Banking Technology, Computer Weekly, and IBM Computer Today. I have a BSc from the University of Victoria, Canada.