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People’s Bank of China (PBoC)

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.

China raises reserve ratio

The People's Bank of China made a fresh bid to slow the country's overheating economy on Thursday, raising its reserve requirement ratio for the third time this year.

China stands firm on monetary policy

The People's Bank of China said on Monday 31 March, after its first quarter monetary policy committee meeting, that it would maintain its firm attitude to monetary policy, using instruments "in a measured manner".

China’s monetary mandarins

The ever-increasing importance of China’s economic policymakers has led to intense scrutiny of the people behind the headlines. Andrew Peaple profiles the most important players

Further rate rise in China

The People's Bank of China has raised its key benchmark bank lending and deposit rates by 27 basis points. It was the third rate hike of the year in the booming economy.

Million-dollar-a-minute growth in Chinese reserves

The People's Bank of China accumulated foreign exchange reserves at an average rate of just over $1 million per minute in the first six months of 2007. The central bank said on 11 July that reserves had grown by $266.3bn to $1.33 trillion between January…

China's new reserve strategy

Hui Feng goes behind the scenes in Bijing to report on the new guidelines governing the management of the world's first trillion dollar pile of official reserves

China raises renminbi value

China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.

Chinese interest rate reform

The People's Bank of China will continue reforms this year to make interest rates more market oriented, the central bank-backed Financial News said in a front-page editorial on 8 February.

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