Ex-central bank official wary of interest-rate deregulation

Wu Xiaoling, former vice-governor of China's central bank, said Shanghai's free-trade zone should not spearhead liberalisation of the interest rates paid on yuan bank deposits to avoid providing opportunities for speculators to exploit the difference with interest rates outside the zone.

via Business feed http://www.scmp.com/business/banking-finance/article/1310031/ex-central-bank-official-wary-interest-rate-deregulation