China
China c.bank chief urges banks to curb bad loans
China's central bank chief Dai Xianglong urged state-owned banks to reduce bad loans and repeated a ban on loans being funnelled to stock speculation, the official Financial News said on Mar 21, 2001.
Thailand, Japan close to currency swap deal-paper
Thailand and Japan are close to concluding a bilateral currency swap agreement in the next few months as part of a regional arrangement to support Asian currencies in crisis, the Nation newspaper said on Mar 13, 2001.
BIS sets up Asia-Pacific consultative council
The Bank for International Settlements (BIS) said on Mar 12, 2001 it had set up an Asian Consultative Council comprising governors of its central bank members in the region.
China probes bank loans in stock markets - paper
China's central bank has launched a probe into domestic banks which might have lent money for stock speculation, state media said on Mar 12, 2001.
China seeks HK expert to join central bank
China's Premier Zhu Rongji is seeking a Hong Kong banker to become a deputy governor of the country's central bank, a move which analysts say shows Beijing is serious about beefing up its regulatory control of the banking sector.
Asian currency swap idea 'acceptable'-Manila c.bnk
The Philippines is basically happy with the concept of an Asian web of currency swaps aimed at fending off future financial crises and is forging ahead with discussions on terms, deputy central bank governor Amando Tetangco said on Mar 9, 2001.
B-shares and China's monetary and banking systems
The removal of restrictions on the holding of B-shares should have a generally positive effect on the development of Mainland China's monetary and banking systems, says Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly…
China shareholding banks must reform further-PBOC
Shareholding commercial banks must be encouraged to further improve their corporate management structure and financial services to develop in a sound, steady way, said the governor of the People's Bank of China.
CBC gov favours listing of Taiwan firms in China
Perng Fai-nan, governor of Taiwan's central bank, said on Mar 7, 2201 that he personally endorses Taiwanese manufacturers that have set up companies in mainland China to get listed on the mainland's stock markets for fundraising purposes.
Financial Markets on the Mainland-HKMA Joseph Yam
Joseph Yam, chief executive of the Hong Kong Monetary Authority, in his weekly viewpoint column published on the HKMA website, says that financial markets in emerging markets need careful sequencing in reforms. Recent developments suggest that the…
Selected IMF working papers published
The IMF has recently published a number of working papers on subjects ranging from inflation targeting, central bank independence, to endogenous growth. Links to the papers are given.
China to launch OTC debt trading this year - paper
China will launch a trial of over-the-counter (OTC) debt trading at state banks in the second half of this year, a senior central bank official was quoted on Feb 27 as saying.
N Korea to take Chinese approach to development
Lim Dong-won, director of North Korea's National Intelligence Service said on Feb 20 that the communist government would pursue a Chinese-style policy of separating politics from economy to introduce a market economy, while maintaining the socialist…
Large value Taiwan note will not trigger inflation
The issuance of a new NT$2,000 note in July 2001 will not trigger inflation, a financial official said Feb 16, 2001. In an attempt to allay fears that the debut of the large-denominated note will accelerate inflation, Wu Shaw-chii, director-general of…
China markets watchdog chief warns manipulators
China's chief stock market regulator Zhou Xiaochuan issued a stern warning against price manipulation on Feb 15, 2001, saying stock prices should be based on the quality of listed firms and not "backroom deals". Zhou also pledged to crack down on firms…
China rises to 8th in IMF vote rankings - cbank
China has risen in rankings to eighth from 11th in terms of capital provided to the International Monetary Fund, state media reported on Feb 13, 2001, citing a central bank spokesman. The elevation follows executive approval of an increase in China's…
China banks stay stable in Jan 2001 - PBOC report
Statistics released on Feb. 12, 2001 by the People's Bank of China (PBOC) show that in January 2001 China's financial sector continued its healthy and stable development momentum, with money supply, deposits and loans maintaining steady growth. At the…
China's cbank sets rules for fines and penalties
China's central bank has set new rules specifying the kinds of penalties it can assess, in a bid to standardize its regulatory practices, the official Xinhua News Agency reported on Feb 9, 2001. The People's Bank of China rules specify the sizes of fines…
Taiwan's forex reserves up to $108.05bn in Jan '01
Taiwan's foreign exchange reserves at the end of January 2001 totalled US$108.05 billion, the first rally in seven months, statistics released on Feb. 7 by the Central Bank of China (CBC) showed. The CBC statistics revealed that the amount of Taiwan's…
Chance of late 2001 rate hike - PBOC
China's central bank has left open the door to an increase in local currency interest rates later in 2001, despite a recent monetary policy committee meeting agreeing to maintain rate stability in the near term, state media reported on Feb. 6, citing a…
PBOC expects lift in capital adequacy ratios
The capital-adequacy ratios of China's four major commercial banks should all reach the current international benchmark of 8% by the end of 2002, state media reported Feb. 6, 2001, citing comments by People's Bank of China Gov. Dai Xianglong. Speaking…
PBOC agrees to pursue interest rate stability
China's central bank will maintain interest stability in 2001, state media reported Feb. 5, 2001, citing a decision of the People's Bank of China banking and monetary policy committee. China Securities newspaper reported that at a recent quarterly…
China central bank researchers urge wide yuan band
Researchers at China's central bank are urging a sharply wider trading range for the yuan of 10 to 15 percent up or down, the first time anyone connected to the bank has offered a specific band width for the Chinese currency.
China cbank spokesman on management of gold
A spokesman for the People's Bank of China (PBOC) said Dec 22 that without authorization from the State Council and ratification of the PBOC, no institutions or organizations are allowed to organize gold trading market.