China
PBOC's Wu may head futures exchange - report
People's Bank of China vice governor Wu Xiaoling may head the country's financial futures exchange in Shanghai starting next year, the Economic Observer reported Monday 20 November, citing unnamed insiders.
Think-tank joins call for China FX diversification
A government think-tank said in a report published on Monday 13 November that China should diversify its US$1 trillion foreign exchange reserves by building up strategic reserves of crude oil, and precious metals.
China may shift reserves to gold - Numis
China is likely to diversify its foreign exchange holdings of more than one trln usd away from US dollar denominated instruments in favour of gold, Numis Securities said Monday 13 November.
China to stick to reserves policy - PBOC's Zhou
People's Bank of China governor, Zhou Xiaochuan, said Friday 10 November that the country has no plans to change its foreign reserves policy.
PBOC's Fan says 5% p.a. yuan rise possible
People's Bank of China adviser Fan Gang said Monday 6 November in an article in the Wall Street Journal that the yuan could appreciate on average by 5 percent a year in coming years, but a more dramatic rise would be disastrous for Chinese growth and…
China's Su on fixed assets investment expansion
China's fixed asset investment is still under potential pressure of further expansion despite controls imposed this year, a senior official with China's central bank told the 10th CEO Forum on Saturday 4 November.
State TV reports China's reserves top 1trn USD
China's foreign exchange reserves have topped the 1.0 trillion US dollar level, state television CCTV said on Monday 6 November.
Statistics bureau head joins PBOC committee
China's State Council has appointed Xie Fuzhan, the director of the National Bureau of Statistics (NBS) as a member of the central bank's monetary policy committee, the official China Securities Journal reported Thursday 2 November.
PBOC advisor plays down dollar risk to reserves
A senior People's Bank of China advisor has tried to calm fears over risks posed to the country's huge stock of dollar reserves by a slide in the value of the US currency.
ECB's Bini Smaghi on monetary, financial stability
In the speech 'Monetary and financial stability: Challenges in South-Eastern Europe' given on 30 October Lorenzo Bini Smaghi of the ECB said financial sector reforms in China and other emerging Asian economies can play a key role in reducing their large…
Who wants to be a trillionaire?
According to this article from The Economist, published Thursday 26 October, China's foreign-exchange reserves are likely to top $1 trillion as October ends, but what to do with the money poses many problems.
Researcher says China should diversify reserves
A China-based researcher said in an interview published in the overseas edition of the People's Daily on Monday 30 October that China urgently needs to improve the management of its foreign exchange reserves by diversifying the holding to include natural…
Plundering China's reserves
According to this article published Friday 27 October by The Wall Street Journal, with China's foreign-exchange reserves now close to the trillion dollar mark, calls to spend the money are coming fast and furious.
PBOC's Tang sees strong pressure on yuan
'In the process of foreign exchange regime reform, the local currency still faces strong appreciation pressure,' said Tang Xu, director of the research department within the People's Bank of China, in an English-language paper prepared for a conference.
Ex-PBoC advisor calls for more yuan flexibility
Yu Yongding, a former People's Bank of China adviser said in a speech to investors at a Credit Suisse investment conference on Wednesday 25 October China should introduce more flexibility in the yuan exchange rate to help reduce imbalances in the economy.
China plots next steps in key financial reforms
China mapped out its next steps in crucial financial reforms on Tuesday 24 October, saying that it would look to make the yuan more flexible and free up interest rates.
How big will China's foreign reserves get?
According to this article published by the People's Daily Online on Monday 23 October, China's foreign exchange reserves will exceed $2,000 billion by the end of 2010.
PBOC's Su says China to seek more yuan flexibility
The People's Bank of China (PBoC) will continue to seek greater flexibility in the country's foreign exchange regime and seek to increase domestic hedging mechanisms against forex risk, central bank vice governor Su Ning told a conference in Suzhou on…
PBOC's Wu comments on rates, use of reserves
The People's Bank of China needs to further monitor the economy to assess whether or not it needs to hike interest rates again or not, State-owned China Central Television (CCTV) cited Wu Xiaoling, vice governor of the People's Bank of China as saying.
Yi says China's yuan will rise gradually
China's yuan will rise gradually to off-set long-term appreciation pressure, People's Bank of China assistant governor Yi Gang said Monday 16 October.
China FX regime suitable, says PBOC's Fan
People's Bank of China advisor Fan Gang said Tuesday 10 October China has few alternatives to the dollar in terms of its reserve holdings, despite the risk of losses if the greenback falls.
Where did market volatility go?
In this editorial, published Thursday 5 October by The Korea Herald, former IMF chief economist Kenneth Rogoff says an uneerie calm has engulfed virtually every major asset class, from stocks to bonds.
PBOC says macro-controls producing desired effect
The People's Bank of China said in a statement posted on its website Wednesday 4 October that its macro-controls to slow the country's overheated economy have started to produce the intended effect.
PBOC chief says yuan flexibility expanding
The flexibility of China's currency is gradually being expanded as the influence of market forces grows stronger, the People's Bank of China chief said in an interview published Monday 2 October.