China
Central banker executed for fraud in China
CHINA - China has executed a former central bank official for fraud, according to the official Xinhua state news agency on Thursday.
China's c bank head confirms looser money supply
CHINA - People's Bank of China governor Dai Xianglong said on Monday that China is already pursuing a policy of increased money supply to bolster economic growth.
Speech by Stefan Ingves of the IMF, 15 May
SPEECH - In the speech 'Meeting the Challenges for the Chinese Financial Sector: What Have We Learned from Other Countries?' Ingves said that over the past decade, much has been achieved in building the institutions, markets, and legal infrastructure for…
Statement by Governor for the Republic of China
PRESS RELEASE - Statement by the Governor for the Republic of China at the 35th Annual Meeting of the Asian Development Bank, Fai-nan Perng, 11 May.
Taiwan c bank chief protests name change at ADB
CHINA - Central Bank of China (CBC) Governor Perng Fai-nan on Saturday protested Taiwan's name change in the Asian Development Bank (ADB).
China's c bank steps up supervision on e-banking
CHINA - The People's Bank of China is requiring both local and foreign commercial banks to provide quarterly reports on their online banking operations in China, a PBOC notice issued on 23 April said.
PBOC to regulate online banking in China
CHINA - Banks opening online-banking services for the first time need to have their headquarters file an application with the People's Bank of China (PBOC), its branches or business-management departments, according to interim measures regulating online…
China reaffirms separation of banking, regulation
CHINA - The People's Bank of China, the country's central bank, has turned down the calls for removal of the wall between the banking, insurance and securities sectors, reaffirming that the wall will remain there for now.
China updates rules for bank's risk management
CHINA - China's central bank has updated guidelines on internal risk management in an attempt to further coax commercial banks into reducing credit risk.
PBOC challenged on conflict in supervisory role
CHINA - A fierce debate is raging within the Chinese Government over whether to remove from the central bank its role as supervisor of the banks and set up a new organisation that would do a better job.
Tokyo, Beijing sign currency-swap deal
JAPAN - The Japanese government signed a currency-swap agreement with China on 28 March.
China links bank cashpoints to meet WTO challenge
CHINA - China launched an electronic network on Tuesday to link the cash machines of major banks for the first time, hoping the customer-friendly service will help Chinese banks fend off fierce foreign competition.
China central bank chief to visit Japan this week
JAPAN - People's Bank of China Governor Dai Xianglong will visit Japan this week to sign a bilateral currency swap pact, Bank of Japan Governor Masaru Hayami said Monday.
'Father of euro' suggests common Asian currency
CHINA - Asia needs a common currency with China, Japan and the Republic of Korea at the centre, said Nobel Prize winner Robert Mundell, in China on Tuesday reports New China News Agency.
US Nobel laureate praises China's monetary policy
CHINA - Nobel Laureate Robert Mundell has praised China's monetary policy as "excellent" in a recent interview.
China's c bank in battle over payment settlement
CHINA - Credit-card companies are fighting for a slice of multi-billion-dollar revenues which could be earned by providing their international networks to settle transactions made on the mainland.
China raises gold prices in unscheduled move
CHINA - China's central People's Bank of China (PBOC) raised domestic buying and selling prices of 99.99 percent pure gold by an average of 1.42 percent on Wednesday, an unscheduled move outside its regular weekly fixing.
China's central bank chief unfazed by debt
CHINA - The governor of China's central bank, Dai Xianglong, acknowledged for the first time yesterday that national domestic debt is much higher than official yardsticks have so far indicated, but he said reform and economic growth would alleviate the…
China ctrl bk - Weak yen won't affect stable yuan
CHINA - The weakening Japanese yen won't force China's government to abandon its long-held policy of maintaining a stable yuan, a senior central bank economic researcher said Friday.
Beijing backs away from controversial audit plan
CHINA - Chinese securities regulators have backed away from a controversial plan to force companies issuing shares to have their books audited by foreign accountants after furious lobbying against the policy by the domestic industry.
People's bank to open office in Frankfurt
CHINA - The People's Bank of China (PBOC), the central bank, plans to open a representative office in Frankfurt home of the European Central Bank (ECB) is headquartered, PBOC's press office announced.
Chinese c.bank chief says supports stable euro
CHINA - China's central bank governor Dai Xianglong said on Monday Beijing supports a stable euro but that he did not understand why the unified currency had lost value to the dollar since its inception.
Currency dealing liberalised in China
CHINA - The central bank has eased controls on foreign-exchange dealing by domestic banks to put them on an equal footing with foreign competitors, it was reported.
Beijing set to cut rates as deflation fears return
CHINA - China is set to cut interest rates today for the first time in more than two-and-a-half years to combat a return of the deflationary pressures Beijing fought so hard to banish during the Asian financial crisis.