China
China's central bank to push interest-rate reform
The monetary policy committee of the People's Bank of China, in its first quarterly meeting of the year, has reaffirmed the central bank's commitment to keeping both interest rates and exchange rates steady during 2003.
Chinese central bank tightens banking regulation
Zhou Xiaochuan, governor of the People's Bank of China, recently indicated that the central bank would continue to pursue a prudent monetary policy this year to ensure the financial sector progresses in a safe, highly efficient, and steady manner and to…
Beijing signals ease of controls on interest rates
China's new central bank governor will loosen controls on interest rates further by widening the band on lending rates and experimenting with floating deposit rates in more areas, state media said Monday.
Taiwan's Perng expected to remain as governor
The government is expected to give incumbent Central Bank of China Governor Perng Fai-nan a second term, it was reported Friday.
PBOC steps up supervision of for ex trading
The People's Bank of China (PBOC) introduced a supervisory procedure on 15 January on large-sum and suspicious foreign exchange trading, in a bid to monitor foreign exchange trading and standardize reports.
China's c bank outlines money laundering rules
The People's Bank of China's first major policy directive under the helm of its new governor, Zhou Xiaochuan, outlines new measures to combat money laundering through the country's domestic banking system.
New China central bank chief pledges stable policy
China's newly appointed central bank governor Zhou Xiaochuan has pledged to keep monetary policy stable this year and improve financial services to help spur economic growth, it was reported on Tuesday.
Dai Xianglong leaves People's Bank of China
China has replaced its longtime central bank governor, putting a former stock market regulator in charge as it prepares to open its banking industry to foreign competition.
China seeks outside help to develop debt markets
China has contacted the World Bank and Asian Development Bank to gauge their attitude toward helping develop fledgling Chinese debt markets by launching the first renminbi-denominated bonds to be issued by a foreign institution.
China needs to free up gold mkt - Gold Council
China needs to free up its gold market further to give locals an alternative form of investment, the World Gold Council has said. Recently CentralBankNet reported how the WGC had welcomed the successful launch of trading in physical gold on the new…
China's central bank pledges to keep dollar peg
China's central bank governor has vowed to keep the yuan pegged to the U.S. dollar even as surging foreign investment and a widening trade surplus boost demand for the Chinese currency.
China central banker vows to tackle deflation
China's central bank chief vowed on Wednesday to focus on preventing deflation, a persistent economic scourge which some fear could spread to other Asian nations and undermine regional growth.
Russian, Chinese to work against money laundering
During the current visit to Beijing by Russian President Vladimir Putin, the Central Bank of Russian (CBR) and the People's Bank of China have signed an agreement on cooperation in counteracting the laundering of criminally obtained incomes and the…
China beats USA as Korea's largest export market
SOUTH KOREA - China has surpassed the United States in terms of its share of South Korea's export market in the first nine months of this year, the Bank of Korea said Wednesday.
Taiwan's central bank cuts key rate to record low
TAIWAN - The Central Bank of China (CBC) announced Monday a further cut in its key interest rates by a quarter percentage point with the aim of defusing the threat of falling prices and maintaining export competitiveness.
Central bank head-China can be 'well off society'
CHINA - Dai Xianglong, governor of the People's Bank of China, the central bank, said on Sunday that China is capable of financing the building of a well-off society in an all-round way.
A government move to clean up loans backfires
ARTICLE - China's four asset-management companies are supposed to be the cutting edge of the government's strategy to clean up the banking system. They may, in fact, end up doing more harm than good--by posing a threat to the health of the body that…
China to promote small loans to rural households
CHINA - A spokesman for the People's Bank of China (PBOC) said Monday that the central bank will adopt more effective measures to guide and promote rural credit cooperatives to grant small credit loans to rural households.
World Gold Council welcomes Shanghai gold trading
CHINA - The World Gold Council has welcomed the successful launch this week of trading in physical gold on the new Shanghai Gold Exchange. Trading started on Wednesday, October 30, and in the three days since more than 790 kilos of gold bullion has…
China's first gold exchange opens for trade
ARTICLE - The opening of China's first gold exchange on Wednesday in Shanghai signals the end of 50-plus years of government monopoly over the gold market.
Shanghai Gold Exchange to open in late October
CHINA - Detailed rules governing the value added tax on gold trading have been clarified and the Shanghai Gold Exchange will formally open for business at the end of the month, exchange sources said on Sunday.
Chinese central bankers in visit to Taiwan
TAIWAN - A China central bank delegation heading to Taiwan may include the highest-level official yet to visit the island as Taiwan banks prepare to open their first offices across the strait, the Taipei Times said.
HSBC set to go online in China
CHINA - HSBC on Monday became the second foreign bank after Hong Kong's Bank of East Asia to receive a licence to begin online banking in China.
Cen bank of Korea, Japan, China to meet regularly
KOREA - The central bank governors of South Korea, China and Japan have agreed to hold their first regular meeting in Beijing next spring in order to enhance economic ties.