China
China FX regulator denies new forex rules reports
China's State Administration of Foreign Exchange (SAFE) denied media reports on Friday 29 September that it intends to issue a new regulation governing foreign exchange today.
China calls for hedge fund cooperation
Financial regulators across the world must work together to keep tabs on the increasingly powerful hedge fund industry, China's banking regulatory head said in remarks published on Thursday 28 September.
Interview with Bank of England's Alastair Clark
In an interview with The Asian Banker, published Wednesday 27 September, Alastair Clark, adviser to the governor of the Bank of England, says the UK's "super regulator" model would not necessarily suit the current Chinese banking system.
China FX levels at US$1 trillion by October-report
China's foreign exchange reserves are expected to hit one trillion US dollars by September or October, the official Securities Times reported, citing a member of the central bank's monetary policy committee.
PBOC chief sees opening up of financial markets
People's Bank of China governor Zhou Xiaochuan said Thursday 21 September that China will continue developing and opening up its financial market.
HKMA Quarterly Bulletin, September 2006
The Hong Kong Monetary Authority published the September 2006 issue of its Quarterly Bulletin on 21 September. The Bulletin includes the article 'Hong Kong's business cycle synchronisation with Mainland China and the US'.
China's Zhou says no timetable to widen yuan band
The People's Bank of China has no timetable for widening the trading band for the yuan against the dollar, PBOC governor Zhou Xiaochuan said Thursday 21 September.
China adds other currencies to reserves
Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), said in an article carried in the latest issue of the Emerging Markets magazine that China has cut the proportion of US dollars assets in its foreign exchange reserve in recent…
China's mushrooming forex reserve
This article published by Asia Times Online on Tuesday 19 September says that although massive levels of foreign exchange reserves represent the strength of an economy, it brings more problems than benefits.
China making progress on FX reforms says Zhou
China's foreign exchange reforms have made "significant progress," though the impact will be seen over time, People's Bank of China governor Zhou Xiaochuan told fellow financial leaders on Tuesday 19 September.
IMF members approve voting reform plan
The 184-nation International Monetary Fund on Monday 18 September approved reforms to increase the voting shares of emerging economies, the German finance minister was quoted by Associated Press as saying.
Draghi says Italy can beat euro growth
Bank of Italy governor Mario Draghi told reporters on Sunday 17 September he felt that Italy's economy could grow far more strongly than its European partners.
G7 positive on prospects for world economy
Global growth is on track despite risks from high oil prices and other threats, finance chiefs from the Group of Seven industrialized nations said Saturday 16 September.
Summers: Central banks should make reserves work
Developing countries hold $2 trillion in excess reserves, but make almost no profit on the money, former U.S. Treasury secretary Lawrence Summers said on Thursday 14 September.
China plans national financial regulator
China plans to set up an agency to link regulatory efforts by the central bank, market watchdogs and other monitors, a deputy finance minister said Wednesday 13 September.
PBOC's Su says yuan flexibility to increase
China will continue to increase the flexibility of the yuan exchange rate and provide more derivative products to allow companies to hedge their currency risk, a vice-governor of the People's Bank of China said.
China's Zhou says currency reserves 'enough'
People's Bank of China Governor Zhou Xiaochuan told reporters on Monday 11 September that policy makers might want to curb foreign-exchange reserves.
Bernanke doesn't rule out hard landing for China
Federal Reserve chairman Ben Bernanke said in a letter released on Friday 8 September that chances of an economic crisis in China were low, but that the chances of a "hard landing" for the economy could not be ruled out.
U.S., China must back IMF, end currency impasse
According to this article by Bloomberg, published Thursday 7 September, the International Monetary Fund which set up the system of flexible exchange rates needs to infuse it with a dose of vigour.
China can bear 3-5 pct rise in yuan's value - SAFE
Chinese companies can bear a three to five pct rise in the yuan's value, a foreign exchange regulatory official told the China Economic Times.
China must address excess liquidity - Qiu
China must address the issue of excess liquidity that is driving strong credit and fixed asset investment growth in the country, Xinhua News Agency reported, citing Qiu Xiaohua, the head of the National Bureau of Statistics (NBS).
Can the IMF avert a global meltdown?
According to this article by Kenneth Rogoff, published on Thursday 7 September by The Japan Times, it is time for international institutions to step in to avert a global financial crisis.
PBOC official says reforms are a long process
The reform and opening up of the country's financial industry will be a long, tough process but moving too quickly will only bring risks to the economy, a senior official of the People's Bank of China said in a speech.
IMF boost for developing countries
China, South Korea, Turkey and Mexico seem set to win increases in their IMF quotas at the expense of some European countries.