Furthermore, the high reserve ratio and forced purchase of central-bank bills squeezes commercial banks’ profits severely – a phenomenon that will be intensified by interest-rate liberalization. The quest for yield on available funds will drive banks to make riskier investments.
此外，高存款贮备金率和强制购买央行票据严重积压了商业银行的利润空间——该情况在利率管制放松之后还将进一步恶化。为了在已有的资金水平下追求更高利润，各大银行职能涉足更高风险的投资。