ABSTRACT
After the implement of marketization of interest rates, the effect will differ a lot to different countries and regions, but still having convention followed. This will offer the enterprise a direction that how to make a risk-averse determination of investing and financing. According to Shaqiri’s (1996) exploration, among 18 countries and regions which using marketization of interest rates, except interest rate in Poland decreased after the policy adopted, all others increased within varied degrees. During the implement of marketization of interest rates, interest rate in China kept increasing until in late 2008, for stimulating economy. The degree of interest rate fluctuation would cause great risk of enterprise financing. That’s why enterprise should make attention to management and control on interest rate risk to decrease the financing cost.
