在贷款利率和寿险利率完全放开之后,利率市场化改革将面临价格改革易行,行政坚冰难融的问题。中国利率市场化改革至今,已接近尾声。但我们必须意识到,行政权力对资金配置的影响,可能超过了资金价格本身。在贷款利率和寿险利率完全放开之后,仍然有一些资金价格改革需要推进。大体集中在以下领域。一是存款利率市场化。其中最关键的可能是储蓄利率的市场化。如果央行后续能如市场预期那样推出可转让大 After the loan interest rates and life insurance rates are completely liberalized, the market-based interest rate reform will face the problem of easy price reform and ineffective administrative ice. China’s market-oriented interest rate reform so far, is coming to an end. But we must realize that the impact of administrative power on the allocation of funds may exceed the price of funds itself. After lending rates and life insurance rates have been completely liberalized, there are still some reforms to the funding price that need to be advanced. Generally concentrated in the following areas. First, market-oriented deposit rates. The most critical of these may be the marketization of savings rates. If the central bank can follow the market as expected to launch transferable large