People’s Bank of China (PBoC)
PBoC to regulate non-bank payments providers
People’s Bank of China sets out new legislation governing non-financial institutions that provide payments services; law an attempt to shed light on burgeoning payments network
PBoC’s Du promoted to deputy governor: reports
People’s Bank of China has promoted assistant governor Du Jinfu to deputy, according to news reports; Du replaces Su Ning, who is past official retirement age
Iceland, China sign $512m currency swap deal
Icelandic and Chinese central banks agree on currency swap to boost bilateral trade; move emphasises recovery of confidence in króna
HKMA appoints PBoC’s Mu as senior adviser
Former People’s Bank of China director general Mu Huaipeng joins Hong Kong Monetary Authority in bid to boost mainland ties
Fed scoops prize for best swap lines: BIS
Bill Allen and Richhild Moessner study the effects of central banks’ swap lines and find those established by the Federal Reserve to provide dollar liquidity went furthest in achieving their aims
China’s Li calls for tightening on back of housing bubble fears
People’s Bank of China monetary policy committee member Li Daokui warns economy may overheat unless tighter monetary policies are put in place
China denies reviewing eurozone bond holdings
State Administration of Foreign Exchange dismisses reports that it is appraising euro asset holdings; follows surge in T-bill purchases last week
Ma signals further reforms in China's rural areas
People's Bank of China deputy governor Ma Delun outlines new financial reform in China's rural areas
China lifts reserve ratio on fears over inflows, Australia hikes again
People’s Bank of China raises reserve requirement ratio by 0.5% as concern mounts on currency speculators; Reserve Bank of Australia tightens as data suggest growth will outstrip 2009
China must choose either stable prices or currency: PBoC adviser
Newly-appointed Chinese central bank adviser Zhou Qiren says the central bank cannot have a dual mandate of price and exchange-rate stability
Junk bonds the way forward for China: ex-PBoC deputy
Former Chinese central bank vice-governor Guo Shuqing says new and small start-ups stand to gain from the issuance of non-investment grade debt
Pressure mounts on China to let yuan appreciate
Renminbi revaluation whispers grow to a shout as US Treasury chief Timothy Geithner makes unscheduled visit amid signs of a thaw in relationship with Beijing
China looks to cut out dollar's go-between role
Central bank official says further currency pairings against rouble, ringgit and won under consideration
Three academics join China’s Monetary Policy Committee
The People’s Bank of China calls on three scholars to join rate-setting board
China’s Zhou not flustered by higher-than-forecast inflation
People’s Bank of China governor Zhou Xiaochuan keeps a cool head as inflation increases by more than expected spooking analysts and markets, says central bank will keep to plans
Chinese inflation spike scares investors
Chinese consumer prices rise more than consensus forecast in February, sparking fears that the economy is overheating
China to keep up T-bill purchases; cautious on gold
State Administration of Foreign Exchange chief Yi Gang says the country will not rely excessively on gold, adds that political relations with US will not affect Chinese treasury holdings
China to drop dollar peg “sooner or later”: Zhou
Chinese central bank chief Zhou Xiaochuan hints the country will soon remove the dollar peg on its currency, analysts see a slow and steady revaluation rather than large one-off move
China moots legalising some private lenders
A director-general of the People’s Bank of China says the central bank is in favour of lifting rate caps and legalising some micro-lenders
Brazil jacks reserve ratio up by 200 bps
Central Bank of Brazil lifts reserve requirement ratio back to pre-crisis level, move is expected to withdraw more than 70% of liquidity provided during crisis
PBoC deputy named IMF special adviser
Zhu Min to join the International Monetary Fund in late spring
China surprises with second reserve requirement hike
People’s Bank of China ups its reserve requirement ratio by 0.5 percentage points to drain excess liquidity from system
China must look to interest rates: OECD
Paris-based organisation calls on Chinese central bank to move interest rates rather than putting liquidity controls in place
China heads for the exit
People’s Bank of China raises reserve requirement ratio in a move seen as confirming start of policy tightening