China
China's PBOC to control short-term foreign debt
Zhou Xiaochuan, governor of the People's Bank of China has said China will keep controls on short-term foreign borrowings and limit speculative activity even after it liberalises the capital account.
Weber calls on China to exploit yuan flexibility
European Central Bank Governing Council member Axel Weber said in an interview on Friday 18 November that China should use the extra flexibility that July's currency liberalisation provided.
China to push currency reform
China will continue with market-orientated currency reforms while keeping the exchange rate of the yuan basically stable, said Su Ning, a vice-governor of the People's Bank of China on Thursday 17 November.
Bernanke urges action on China currency
Federal Reserve chairman-designate Ben Bernanke has called on China to reform its currency regime in the interests of its own economy.
PBoC unhappy with oil pricing system
China's central bank noted in its quarterly monetary report that the country needed to reform the way oil prices are set.
Interview with PBOC's Tang Xu
In an interview published on Wednesday 2 November, Tang Xu, director-general of the research bureau of the People's Bank of China, said China's economy has already achieved its long-awaited landing even with growth rates around 9 percent.
Further rapid fx reserve rise undesirable - PBOC
A further rapid increase in Chinese foreign exchange reserves is undesirable, an official with the People's Bank of China told Market News.
Estimating China's 'equilibrium' real ex rate
This IMF Working Paper looks at a sample of studies that have attempted to estimate the "equilibrium" real value of China's currency. It suggests the wide variation in such estimates can be explained by various factors including the different…
PBOC adviser calls for more yuan flexibility
China should allow greater flexibility in the yuan's exchange rate, an influential economist and adviser to China's central bank said in comments published on Wednesday 2 November.
China's current growth rate 'reasonable'
China's economy has already achieved its long-awaited landing and current growth rates around 9 percent are reasonable, the central bank's chief economist said on Wednesday 2 November.
Wellink on China's rise, impact on Western economy
In the speech 'China's rise and its impact on Western economies' given on 3 October Nout Wellink of the Netherlands Bank said the world economy is increasingly integrated. Therefore, China's rise transmits shock waves to Western economies as that country…
PBOC to expand yuan settlement operations in HK
China's central bank will allow expanded yuan-denominated business in Hong Kong after technical preparations are completed, the People's Bank of China said on Tuesday 1 November.
Russia, China set to sign banking agreement
The Russian central bank and the Chinese Banking Regulatory Commission are expected to sign an agreement during the visit of Russian Prime Minister Mikhail Fradkov to China on 3-4 November.
PBOC issues new rules on electronic payments
The People's Bank of China has issued new rules regarding electronic payments designed to minimize transaction risk.
China forex reserves expected to hit $820 bn
China's foreign exchange reserves are expected to total $820 billion by the end of 2005 on strong trade inflows, an economist at a government think tank said.
Interview with PBOC's Xiang Junbo
In a recent interview People's Bank of China deputy governor, Xiang Junbo, said the central bank has been undergoing institutional changes. The establishment of the PBOC Shanghai Head Office is an important step to improve the central bank system and to…
PBOC clarifies vice governor's remarks
The People's Bank of China (PBOC) said the yuan exchange rate will not keep on appreciating indefinitely, clarifying an earlier media report that quoted central bank vice governor Wu Xiaoling as saying that the yuan will further rise.
PBOC's Wu says China will not widen yuan band soon
China's central bank repeated it commitment on Tuesday 25 October to the yuan's tightly regulated trading band.
China forex reserves expected to surpass Japan's
China's forex reserves are expected to surpass Japan's this year as strong fund inflows and a burgeoning trade surplus make it the world's largest holder of foreign currency, state press reported.
PBOC adviser Yu sees inevitable yuan rise
Yu Yongding, an influential economist and adviser to the People's bank of China, said on Monday 24 October that an appreciation in the yuan was inevitable and that he expected further changes in China's currency policy.
Greenspan: global giant but awkward legacy
According to this article published on Tuesday 18 October, the Fed's sway over world markets was arguably at its peak in 1998. Before both the launch of the euro and the massive reserve accumulation in Asia that has bestowed China and others with…
East Asian currency union under discussion
There is a case for a currency union in East Asia but one excluding China and Japan, according to Peter Kenen, a Princeton-based academic.
Report says China to speed up reforms
China will speed up the reform of its interest rate mechanism and foreign exchange regime over the next five years, the Xinhua news agency reported, citing a central bank official.
G-20 statement following meeting in China
Finance ministers and central bank governors from the G-20 industrial and emerging economies issued a statement on Sunday 16 October after their two-day meeting in the city of Xianghe, south of Beijing, China.