China
PBOC research head says yuan band wide enough
There is no need to widen the yuan-dollar trading band at the present time, the head of the research department within the People's Bank of China said in an interview.
Report says US offers China IMF role deal
The US is quietly offering the prospect that it will help China secure more power in the International Monetary Fund (IMF) if Beijing lets the yuan appreciate further against the dollar, the Wall Street Journal reported.
PBOC's Yu to stay in post until replaced - report
Yu Yongding, whose term is due to end this month, will remain in his post until a replacement is found, an official in the news department of the People's Bank of China told Dow Jones on Thursday 27 July.
PBOC adviser says right time for yuan rise
An influential economist who advises the People's Bank of China told Reuters in an interview on Wednesday 26 July that China could afford to let the yuan appreciate further in line with market forces because robust economic growth will help to cushion…
China's VP calls for stronger central bank
China's Vice Premier has called for the central bank to strengthen its political and ideological education as part of efforts to improve its financial services., according to a report on the People's Bank of China website.
China needs large FX holding, says SAFE
China's economic conditions make it necessary for the holding of large levels of foreign exchange reserves, the official Shanghai Securities News reported Tuesday 25 July, citing Wei Benhua, deputy director of the State Administration of Foreign Exchange.
China 'unlikely' to raise rates too high
China is unlikely to raise commercial bank interest rates at too high a level, the official Securities Times reported, citing a senior People's Bank of China official.
China may tighten policy more - report
China will tighten policy more aggressively if measures already taken fail to cool the red-hot economy, a central bank official said in remarks published on Monday 24 July.
Dodge on policies for today's global economy
In the speech 'The right policies for today's global economy' given on 19 July David Dodge of the Bank of Canada said the IMF must adjust its quota system with ``urgency'' to give China and other countries more say and help resolve global imbalances.
ADB says China must tighten monetary policy
A senior Asian Development Bank official told Reuters in an interview on Tuesday 18 July that China needs to tighten its monetary policy to tackle an overheated economy and cut inefficient investment.
China may tighten yuan as economy grows
The Chinese controlled press reported on Thursday 14 July that the Chinese economy was forging ahead in the second quarter.
Paulson sworn in as US Treasury Secretary
Henry Paulson was sworn in as the 74th U.S. Treasury Secretary on Monday 10 July, saying he would build on the achievements of his predecessor, John Snow.
Review of the Asian Bond Fund 2 Initiative
The Bank of Japan has announced that the EMEAP (Executives' Meeting of East Asia-Pacific Central Banks) Working Group on Financial Markets has released a report titled "Review of the Asian Bond Fund 2 Initiative."
China announces new appointment to PBOC
The BBC Monitoring Service on Tuesday 4 July reported the text of a report by official Chinese news agency Xinhua saying that China's State Council recently appointed Liu Shiyu as vice governor of the People's Bank of China.
Hong Kong unlikely to use yuan as reserve currency
The Hong Kong Monetary Authority is unlikely to use the yuan anytime soon as one of its reserve currencies, HKMA chief executive Joseph Yam said Thursday 29 June.
Paulson has strong confidence in Bernanke
Henry Paulson, President Bush's nominee as the next US Treasury Secretary, has thrown his weight behind Ben Bernanke, the new chairman of the Federal Reserve.
PBOC's Zhou sees 10% economic growth
China's economy will expand at least 10 pct in the second quarter and in full year 2006, despite measures designed to cool the economy, the Wall Street Journal cited People's Bank of China Governor Zhou Xiaochuan as saying.
China can convert part of FX to gold - report
Two central bank officials suggested China can convert part of its foreign exchange reserves to gold holdings to head off risks from the depreciation of the US dollar, China's state media reported.
PBOC adviser wants more monetary tightening
China should adopt more monetary tightening policies and may allow more yuan appreciation, People's Bank of China adviser Yu Yongding said.
Common currency basket in the 'ASEAN plus three'
East Asian countries, for example "ASEAN plus three countries" (China, Korea, and Japan), have been well cognizant of importance of the regional financial cooperation since the Asian currency crisis in 1997, according to the Discussion Paper "Adopting a…
Official: China banks must improve risk management
China's commercial banks need to improve their risk management and internal controls, the official Financial News reported, citing a senior official with the central bank's investment arm, Central Huijin.
Zhou: China to reconsider financial service limits
People's Bank of China governor Zhou Xiaochuan told a banking conference in Beijing that China needs to reconsider regulations limiting the range of services banks and other financial institutions can offer.
Bernanke says world better with flexible yuan
Federal Reserve chairman Ben Bernanke said on Monday 12 June both China and the world economy would be better off if China allowed the value of its yuan to be determined by a more flexible, market-determined system.
China appoints new central bank vice-governor
China's state council has named Liu Shiyu, the former assistant to the governor of the People's Bank of China, as the new central bank vice-governor.