As the hkma has emphasised on a number of occasions , the deregulation of interest rates will entail not only opportunities but also challenges for the hong kong banking industry . banking competition may intensify after the change and the net interest margin could be affected by a rise in funding costs 正如金管局曾多次强调，撤销利率管制不仅会为银行业带来机会，亦会带来挑战。银行业的竞争可能会加剧，净息差也可能会因为资金成本上涨而受到影响。
" as the composite interest rate reflects closely the average cost of funds of banks , publishing the rate regularly enables banks to keep track of changes in funding cost , " an hkma spokesperson said . " it also facilitates banks that want to use it for mortgage rate setting to do so . 金管局发言人表示：由于综合利率能紧贴银行的平均资金成本，定期公布这项利率可使银行掌握业界资金成本的变化，并可供有意使用综合利率以厘定按揭息率的银行作参考之用。
The paper presented the evolution of five key indicators property prices , property transaction volumes , new mortgages , the income - gearing ratio , and the buy - rent gap , which measures the funding cost of buying a property relative to its rental yield in the form of a pentagon , to compare the current situation with the boom and bust cycles of the past decade or so 该文件以五边形的方式阐释5项主要指标的演变物业价格物业成交量新造按揭贷款收入与供款比率，以及反映购买物业的资金成本相对于租金收益的购入成本与租金差距，以比较目前的情况及过去十多年来的景气及不景气周期。
Based on the analysis of commercial banks " current concept about fund management , this paper brings forward that fund management is the main - string in its operation , and that the concept of fund management , including security and profitability , is extended from current " forrying fund " to the management of the fund cost and fund risk the paper comprehensively discusses the principle of fund management , the management of fund costs , the tactics of management about fund liquidity , the measures of management about fund risks and how to solve the problems on interest risk in the period of frequent interest fluctuation . the paper puts forward ideas on how to improve the fund management . the security , liquidity and profitability of the fund , which are both contradictory and integrated with one another , are internal factors of fund management . fund liquidity is traditional core question . commercial banks face with a number of risks of witch credit risk is the greatest one because our country has adjusted interest rates 8 times since 1996 , which covered a period of frequent interest fluctuation 商业银行面对许多风险，但最大风险是信用风险。由于我国自1996年以来已连续调整了8次利率，近几年是利率波动频繁时期，研究利率的敏感性问题显得特别重要。要改善资金管理，提高商业银行的经营水平，就要建立资金管理是商业银行经营主线的理念，对资金要统一规划和管理；要改革银行的体制，建立现代企业制度和法人治理结构，在体制上为资金管理提供有利的运行平台；增加改善资金流动性管理所需的货币政策工具，扩大资金调控手段；打破货币市场的僵化局面，为资金管理创造有利的宏观环境；续续优化负债结构和负债载体设计；增强资金信用风险规避和化解的措施；通过银行资源整合，努力寻找资金的安全投放渠道，最终完成经营模式由传统型向现代型的转变。
Mobility mainly concerning with the deadline , not only the deadline of liabilities itself , but considering that the match of the deadline of the liabilities and income ; economic proceeds from fund cost and earning ratio , and considers the cash flow issues of project ; security as its namely suggests , considers from security of finance aspect and determines enterprise being in the safe state , and it carries on the self - insurance behaviors when it goes wrong 流动性主要是从期限这一角度来考虑的，不仅包括债务本身的期限，而且考虑了债务与收益的期限匹配；经济性主要是从资金成本和收益率的角度出发，考虑了项目的现金流问题；安全性顾名思义，从企业举债的安全层面考虑，确定企业是否处于安全的状况下及在出现问题情况下的自保行为。
