China
Interview with ADB's Kuroda
In an interview published on Sunday 9 April, the President of the Asian Development Bank Haruhiko Kuroda said Asian countries, including China, already have ample foreign exchange reserves and there is no need for them to accumulate more.
China's forex reserves bring risks: ADB
A senior official at the Asian Development Bank said on Saturday 8 April that China could be accumulating too much foreign exchange reserves and should manage the associated risks carefully.
Yuan compromise?
According to this article by Lawrence Lindsey, published on Thursday 6 April, President Bush and Chinese President Hu Jintao will have a lot to talk about at their meeting in Washington later this month. The central economic question will be the proper…
PBOC official says China not pursuing reserve rise
China is not deliberately pursuing expansion of its foreign exchange reserves or any particular level of reserves, a vice head of the central bank said in comments published on Wednesday 5 April.
Chinese official calls for cut in debt holding
China should stop buying U.S. Treasuries and take measures to reduce its holdings in those bonds, a Hong Kong newspaper on Tuesday 4 April quoted a high-ranking Chinese official as saying.
PBOC says not right time to raise rates
China will not raise interest rates at this time, a central bank official said, according to a report from the Xinhua news agency on Monday 3 April.
Euro disaster a salutary lesson in what not to do
According to this recent article, the idea of a single currency area for countries like China, Japan, and Korea has certain obvious appeal. However, it is a big stretch to assume that a single currency union is either the best way for them to reap those…
China currency reserves top Japan's - report
China overtook Japan to become the world's largest holder of foreign-exchange reserves, the state-owned China Business News said, citing unidentified sources.
China should tap reserves to buy gold
A Bank of China official was quoted on Monday 27 March as saying that China should use part of its foreign exchange reserves to buy gold.
China sees large yuan moves as 'unfavourable'
A senior People's Bank of China official said on Saturday 18 March that large movements in the yuan against the dollar are "unfavourable" for the economy.
China's reserves making 'impressive' return
The return on investment from China's forex reserves is "impressive", a former central bank official was quoted as saying in the official Shanghai Securities News.
Rato sees world growth beating IMF forecast
According to the International Monetary Fund's managing director, world economic growth this year will exceed the current forecast of 4.3 percent thanks to a recovery in Europe and Japan.
China's Premier rules out sudden yuan move
China's Premier Wen Jiabao has ruled out a sudden revaluation of the yuan, telling parliament that the country will let the market determine currency rates.
Canada's Macklem on renewing the IMF
In the speech 'Renewing the IMF: Some lessons from modern central banking' given on 9 March Tiff Macklem of the Bank of Canada said the IMF should also play a role in setting the "rules of the game" in the international financial system, including…
China considering expansion of HK yuan business
The Chinese government may allow Hong Kong companies to issue yuan-denominated bonds and settle trade transactions using the yuan, in order to expand yuan business in the city, Zhou Xiaochuan, governor of the People's Bank of China (PBoC) said, according…
PBOC says US pressure not a factor on yuan
A People's Bank of China official was quoted on Thursday 9 March as saying that pressure from the US is not a factor under consideration in determining the yuan's exchange rate.
China won't cut dollar reserves - PBOC's Zhou
People's Bank of China governor Zhou Xiaochuan said in an interview that the country will not reduce its US dollar foreign exchange assets but intends to adjust the mix of its reserves.
PBOC official says 'no timetable' on controls
China has "no timetable" for further easing of its foreign exchange controls, a state news agency quoted a senior official as saying on Friday 3 March .
West's gold vanishing in China once again
China will soon release statistics showing that it has passed Japan as the biggest holder of foreign currency the world has ever seen, according to this article published on Sunday 26 February.
Renminbi Settlement System goes live
The Hong Kong Monetary Authority (HKMA) and the Bank of China (Hong Kong) Limited (BOCHK) jointly announced on Thursday 2 March the launch of the new Renminbi Settlement System (RSS) on 6 March 2006.
PBOC official sees slow dollar reserves shift
The director of the People's Bank of China's research department said on Tuesday 28 February that although China is moving toward diversifying its reserves, anyone thinking the change would be quick was misunderstanding the process.
Economist calls for cut in China's dollar reserves
Economics professor Xiao Zhuoji said in an interview published on Monday 27 February that China should cut its share dollars in its foreign exchange reserves due to risks posed by the dollar's instability.
Reservations about reserves
According to this article published on Sunday19 February, a race is unfolding in Asia involving currency reserves. The favourite in this game of monetary one-upmanship is China, it says.
PBOC vows to maintain a prudent monetary policy
The People's Bank of China vowed on Tuesday 21 February to continue perfecting the managed float of the yuan and to introduce new financial products to help firms hedge new-found currency risk.