People’s Bank of China (PBoC)
Beijing steps up calls for global monetary reform
Chinese officials reiterated calls for the reform of the international monetary order over the weekend.
PBOC - China Payment System Development Report
Payment services tended to be diversified and increasingly market-oriented in 2007, notes the latest China Payment System Development Report from the People's Bank of China.
China's economy on the up: central banker
Record lending by commercial banks and improved liquidity in the first quarter of 2009 suggests end-2008 marked a turning point in China's economic fortunes, said Yi Gang, deputy governor of the People's Bank of China.
Geithner open to Zhou suggestion, but backs buck
Tim Geithner, the US Treasury secretary, said on Wednesday that he was open to People's Bank of China governor Zhou Xiaochuan's suggestion of expanding the use of special drawing rights (SDRs) but affirmed the dollar's strength.
China's Zhou wants SDRs as global currency
Zhou Xiaochuan, the governor of the People's Bank of China, has urged countries to adopt special drawing rights (SDR) as an international reserve currency as part of a move towards a more stable global monetary order.
Asian crisis, culture sparked imbalances: Zhou
The Asian financial crisis and a number of cultural factors triggered the build up in global imbalances seen as the underlying cause of the current crisis, Zhou Xiaochuan, the governor of the People's Bank of China, has said.
China "notes" Geithner renminbi claims
An official at the People's Bank of China has said the central bank had noted US Treasury secretary designate Tim Geithner's claims that President Barack Obama believes Beijing is manipulating the renminbi to boost exports.
Taiwan - Annual Report 2007
The Central Bank of China (Taiwan) raised its discount rate four times during 2007 by a total of 62.5 basis points, the central bank's latest Annual Report reveals.
Unexpected cuts highlight Asian export slump
The Taiwanese and Indonesian central banks surprised markets with rate cuts on Wednesday, both made as evidence mounted that 2009 will be a tough year for Asian exporters.
China to promote freer yuan trades
Beijing will allow some trade with neighbouring countries to be settled in yuan, the Chinese currency, rather than in the dollar or the euro.
China cuts again on fears of slump
The People's Bank of China has lowered its key lending rate by 27 basis points to 6.66%.
Asia makes rate cut 'truly global'
China cut rates for the second time in as many months on Wednesday, supporting the joint action by six of the most important central banks to loosen policy. A host of other Asian central banks have also replicated the Federal Reserve-led move.
Taiwan surprises markets with first cut in 5 years
The Central Bank of China (Taiwan) unexpectedly cut rates for the first time since 2003 on the back of fears that distressed financial markets could trigger a global slowdown in economic activity.
China inflation slumps for fourth-straight month
Chinese annual inflation plummeted by almost one-and-a-half percentage points last month to 4.9%.
Central bankers back Fannie and Freddie takeover
Central bankers worldwide have endorsed the US Treasury's de-facto nationalisation of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSE) that insure about half of the US's mortgage stock.
PBoC in finance ministry talks for capital: report
The People's Bank of China is in talks with the country's finance ministry to shore up its capital base, the New York Times, a newspaper, said Friday.
China eases lending rules to sustain growth
The People's Bank of China said Monday it will make lending more flexible to encourage "stable and relatively fast growth".
China: credit information crucial
Credit information is a key priority for the People's Bank of China, said Su Ning, a deputy governor of the central bank.
China shifts stance as inflation falls
The People's Bank of China has moved from a tightening to a neutral monetary-policy stance on the back of a drop in inflation in recent months.
China moves to counter Olympic frauds
The People's Bank of China is introducing measures to avoid an upsurge in fraud during the Olympics.
HKMA: China should step up tightening
The increase in headline inflation in mainland China calls for additional monetary tightening measures, said Hans Genberg, an executive director of the Hong Kong Monetary Authority.
Inside Beijing’s power struggle
Having seized the early initiative in Beijing’s anti-inflation strategy, the People’s Bank of China has seen its authority increasingly challenged, argues Hui Feng
New Olympics banknote for China
The People's Bank of China (PBoC) is issuing a new 10-yuan note to commemorate the Beijing Olympics, which start in August. Local media reports suggested that the note will feature a drawing of the new National Stadium, also called the Bird's Nest -…
China clamps down on hot money
The authorities in Beijing have announced new measures to curb the inflow of speculative money, which is adding to the booming economy's increasing inflation problem.