China
China can do better than swap dollars for oil
This article published by Bloomberg on Tuesday 9 January asks why China couldn't earn more by shifting some of its reserves to high-yield investments instead of keeping all its money invested in hard- currency debt issued by foreign governments.
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.
Central banks tiptoeing away from the dollar
According to this article from The New York Times published Tuesday 2 January, nations with large holdings of dollars are becoming increasingly willing to dump them in favour of the euro.
PBOC's Wu expects Fed rate cuts in 2007
The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.
China to launch SHIBOR to develop benchmark rate
China will launch the Shanghai Interbank Offer Rate (SHIBOR) from Thursday 4 January, in a move to develop a benchmark rate for the interbank market, the People's Bank of China said.
China may use Singapore in managing reserves
China could manage its massive foreign exchange reserves according to the "Temasek Model" of Singapore, according to Wu Xiaoling, vice-president of the People's Bank of China.
PBOC says Thailand has lessons for China
Thailand's recent financial turmoil holds lessons for China and shows that controls over the pace of currency appreciation are needed, a People's Bank of China researcher said Thursday 21 December.
Sharp FX moves not in global interest - Trichet
European Central Bank President Jean-Claude Trichet said on Wednesday 20 December that sharp and abrupt moves in currencies would not be in the interests of Europe, the US or the global economy.
US, China agree reforms but differ on timing
Following the talks in Beijing last week U.S. Treasury Secretary Henry Paulson said China and the US have agreed basic principles on a wide range of issues including economic times, but the timing of any moves remains a stumbling block.
Fed's Bernanke on the Chinese economy
In the speech 'The Chinese economy: Progress and challenges' given on 15 December Ben Bernanke of the Federal Reserve said Chinese policy-makers risk losing control of their economy unless they let the yuan rise in value and strengthen their financial…
PBOC's Fan says China would gain from yuan rise
A modest appreciation of the yuan is good for China and will help to curb speculation on the currency, the Xinhua news agency reported Friday 15 December, citing Fan Gang, a member of the central bank's monetary policy committee.
Paulson calls on China for looser yuan
U.S. treasury secretary Henry Paulson, called on China to reduce currency controls and clamp down on software piracy in the first round of talks held Thursday 14 December.
China to look positively on Paulson talks
China promised on Monday 11 December to respond positively to the US in talks this week but said its exchange rate is a matter of national sovereignty.
Bernanke may clash with democratic Congress
According to the article 'Bernanke may clash with democratic Congress on wages, inflation' from Bloomberg, published Thursday 7 December, Federal Reserve chairman Ben Bernanke may be heading for a showdown with congressional Democrats over warnings from…
PBOC not considering wider yuan/dollar band
The People's Bank of China is not currently considering a widening of the trading band for the yuan against the dollar, the head of the bank's research department said Friday 8 December.
PBOC sees risks if dollar slides
The People's Bank of China said in a report published Thursday 7 December that it is concerned over a possible slide in the US dollar if there is a widespread move to sell off dollar assets.
China plans RMB option market launch - report
The Chinese government plans to launch an option market for its currency, the Renminbi (RMB), to help its banks avoid risks incurred by the partial flotation of exchange rates according to the Beijing News.
China needs to manage FX reserves - economist
China needs to set up a new institution to manage part of its huge foreign exchange reserves now estimated to be over 1 trln usd, the official Shanghai Securities News reported Monday 4 December, citing a state economist.
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 growth "low quality" says vice-governor
In a candid speech, the vice governor of the People's Bank of China, Wu Xiaoling, raised some question about the sustainability of China's economic growth.
PBoC not focused on fine-tuning - deputy
The People's Bank of China is draining excess liquidity in order to maintain the differential between domestic and international interest rates, and not to stabilise output or reduce domestic investment, says Wu Xiaoling, the vice governor of the central…
Bernanke to join Paulson in China
Federal Reserve chairman Ben Bernanke will follow in the footstep of his predecessor, Alan Greenspan, by accompanying the US Treasury secretary to Beijing next month.
Focus on distortions - Blanchard
In his Mundell-Fleming Lecture, MIT economist Oliver Blanchard suggests that the outcome of potential government intervention to address current global imbalances is uncertain.
PBOC establishes South Pacific office in Sydney
The People's Bank of China (PBOC) announced the establishment of its representative office for the South Pacific in Sydney. The office started operation on November 19, 2006.