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.

The newspaper said that it had spoken to three unnamed officials familiar with the discussions, which had been called because the central bank allegedly has a capital base of just $3.2 billion after spending about $1 billion on US Treasuries and US agency debt [Fannie Mae, Freddie Mac and Federal Home Loan Bank paper] over the past seven years

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: