China
China rises to 8th in IMF vote rankings - cbank
China has risen in rankings to eighth from 11th in terms of capital provided to the International Monetary Fund, state media reported on Feb 13, 2001, citing a central bank spokesman. The elevation follows executive approval of an increase in China's…
China banks stay stable in Jan 2001 - PBOC report
Statistics released on Feb. 12, 2001 by the People's Bank of China (PBOC) show that in January 2001 China's financial sector continued its healthy and stable development momentum, with money supply, deposits and loans maintaining steady growth. At the…
China's cbank sets rules for fines and penalties
China's central bank has set new rules specifying the kinds of penalties it can assess, in a bid to standardize its regulatory practices, the official Xinhua News Agency reported on Feb 9, 2001. The People's Bank of China rules specify the sizes of fines…
Taiwan's forex reserves up to $108.05bn in Jan '01
Taiwan's foreign exchange reserves at the end of January 2001 totalled US$108.05 billion, the first rally in seven months, statistics released on Feb. 7 by the Central Bank of China (CBC) showed. The CBC statistics revealed that the amount of Taiwan's…
Chance of late 2001 rate hike - PBOC
China's central bank has left open the door to an increase in local currency interest rates later in 2001, despite a recent monetary policy committee meeting agreeing to maintain rate stability in the near term, state media reported on Feb. 6, citing a…
PBOC expects lift in capital adequacy ratios
The capital-adequacy ratios of China's four major commercial banks should all reach the current international benchmark of 8% by the end of 2002, state media reported Feb. 6, 2001, citing comments by People's Bank of China Gov. Dai Xianglong. Speaking…
PBOC agrees to pursue interest rate stability
China's central bank will maintain interest stability in 2001, state media reported Feb. 5, 2001, citing a decision of the People's Bank of China banking and monetary policy committee. China Securities newspaper reported that at a recent quarterly…
China central bank researchers urge wide yuan band
Researchers at China's central bank are urging a sharply wider trading range for the yuan of 10 to 15 percent up or down, the first time anyone connected to the bank has offered a specific band width for the Chinese currency.
China cbank spokesman on management of gold
A spokesman for the People's Bank of China (PBOC) said Dec 22 that without authorization from the State Council and ratification of the PBOC, no institutions or organizations are allowed to organize gold trading market.
Taiwan banks ordered to stop forex forward trading
Taiwan's central bank has ordered three foreign banks and one domestic bank, which were allegedly engaged in foreign currency manipulation, to suspend their foreign currency forward transactions, according to banking sources.
China c.bank says gold exchange venue not set
China's central bank said on Tuesday it had not decided where to set up the first national gold exchange, denying a newspaper report it would be located in Shanghai.
Taiwan mulls monetary policy framework change
Taiwan's Central Bank of China (CBC) governor Perng Fai-nan on Monday said the central bank is mulling adjusting its monetary policy-making framework. But Perng said it remains debatable whether an "inflation targeting" framework, which is adopted in New…
BOC's Liu says restructuring plan approved by PBOC
Bank of China President Liu Mingkang said on Thursday its proposed restructuring plan had been approved by China's central bank, the People's Bank of China.
China intensifying supervision of foreign banks
People's Bank of China, China's central bank, is stepping up the regulation of foreign-invested banks management.
China to put gold mkt In Shanghai, timing unclear
Central bank officials Monday said China's first communist-era gold market will be set up in Shanghai, but they declined to say when.
China's regulators approve five foreign auditors
Five auditing companies with foreign partners have been included in a list of firms approved by China's regulators to conduct financial audits, People's Bank of China said Tuesday.
China begins move to deregulate gold
The People's Bank of China, the country's central bank which has a monopoly on domestic gold trading, has taken the first step to deregulate the domestic gold market by reducing its authorised gold purchasing points in all provinces, industry sources…
Taiwan cenbank warns speculators of potential risk
Taiwan central bank's abrupt easing of its efforts to defend the Taiwan dollar against the US dollar in yesterday's late trading session, has wrong-footed both institutional and individual speculators who tried to take advantage from the central bank's…
Taiwan central bank says forex policy unchanged
Taiwan's central bank said on Wednesday it would maintain its policy of "dynamic stability" in the foreign exchange market after surprisingly allowing the local dollar to fall to a 19-month low.
Taiwan BoP suffers from capital flight
After eight quarters in surplus, Taiwan's balance of international payments fell into deficit territory in the third quarter of this year as the result of a sharp fall in the capital account, the Central Bank of China revealed yesterday.
China confirms Wu Xiaoling as forex chief
The People's Bank of China has annouced the appointment of Wu Xiaoling as director general of the State Administration of Foreign Exchange.