China
Survey shows Chinese less keen on holding dollars
A survey published on Tuesday 13 September has shown that Chinese households have become more reluctant to hold dollar deposits since the yuan was revalued.
China is under pressure to revalue yuan again
According to this article published on Tuesday 13 September, China's undervalued yuan is once again under scrutiny. The move by the PBOC has done little to make the currency trade more freely against the U.S. dollar, it says.
Comment: More autonomy for the PBOC?
The IMF board is plainly split on what attitude to adopt towards China's exchange rate policy but has come out usefully supporting moves to give the People's bank of China more discretion in setting interest rates.
PBOC to avoid triggering forex volatility
People's Bank of China chief Zhou Xiaochuan has vowed that the bank will not begin any changes in the management of its foreign exchange reserves that could introduce market volatility.
India's Reddy on monetary co-operation in Asia
In the speech 'Monetary co-operation in Asia' given on 3 September, YV Reddy of the RBI said the RBI is planning a new six-country trade-weighted real effective exchange rate (REER) index for the rupee which would include China's yuan and the Hong Kong…
Central banker says China won't revalue yuan again
People's Bank of China deputy governor Ma Delun said the country won't revalue the yuan again after scrapping its peg to the dollar and will buy and sell currencies to prevent "excessive" movements in the exchange rate.
ECB's Trichet sees need for Asian FX rise
European Central Bank President Jean Claude Trichet said on Friday 9 September that in order for the global economy to work better a further appreciation of Asian currencies is needed.
G20 will include IMF, World Bank reform talks
The agenda for October's meeting of the Group of 20 finance ministers and central bank chiefs will include reform of the IMF and World Bank, deputy finance minister Li Yong told the official Xinhua news agency.
PBOC advisor says maintain neutral monetary policy
Yu Yongding, a senior economist and member of the People's Bank of China's monetary policy committee said China should maintain a neutral monetary policy as any change soon could confuse markets.
PBOC plans to issue guidance for e-payments
The People's Bank of China (PBOC) will soon issue guidance for e-payment to prevent payment risk and regulate rights and obligations between clients and banks in e-payment transactions, according to the vice governor of the PBOC on Monday 5 September.
BIS Quarterly Review, September 2005
The Bank for International Settlements published its September 2005 Quarterly Review on Monday 5 September. Investors showed mounting anxiety over energy costs in late August, the report said.
PBOC to change currency design
China's central bank said it will adopt a new design for its currency note, the yuan, to reduce counterfeiting of the new edition of notes which will start circulation on Wednesday 31 August.
Comment: Playing Yuan Politics (31 Aug)
How significant is last month's announcement by the Chinese monetary authorities that it is to drop the dollar peg for the yuan in favour of a basket of currencies?
The yuan's stable float
Noises and signals continue to emerge from China about reforms to the exchange rate regime, but the central bank still appears to have a firm grip on the value of the yuan.
China legislates to protect foreign CB assets
The Chinese government is considering legislation which would exempt the assets of foreign central banks from judicial enforcement, according to the China Daily.
China's 'visionary' Zhou leads yuan float push
An article published on Wednesday 17 August looks at People's Bank of China governor Zhou Xiaochuan in depth. He was a visionary on yuan reform long before it became a global issue, it says, and moved steadily up the banking and finance hierarchy through…
China appoints new central bank vice governor
Hu Xiaolian has been appointed vice governor of the People's Bank of China (PBOC) by China's State Council, the cabinet, according to the official Xinhua news agency.
Academics discuss East Asian Monetary Union
Academics meeting on Friday 19 August called for Asian nations to set up a regional cooperative body similar to the EU and adopt a common East Asian currency.
World Bank projects China's growth to slow
China's economic growth will fall to about 8 percent in 2006 from 9 percent this year as domestic demand declines, the World Bank predicted Wednesday 17 August.
Why China has to revalue more
This article suggests another reason for China's recent decision to revalue the renminbi. Rather than bowing to international pressure to end the trade advantage it received, it suggests China's attempts to engineer a soft landing for its economy simply…
Malaysia to play key role in financial integration
Malaysia can play a significant role in integrating East Asian financial markets such as developing the Asian Bond Market (ABM), Asian common currency and the proposed Asian bond banks, economics professor Dr S. Ghon Rhee said.
PBOC issues property bubble warning
The People's Bank of China warned Monday 15 August that China faces a potential property "bubble" which could leave banks with huge losses if it burst.
China agency calls for yuan band widening
China's National Development and Reform Commission has suggested that the yuan's trading band be widened to 2 percent from the current 0.3 percent.
China’s currency conundrum
China’s exchange rate reform does not solve the problems facing international policymakers says David Hale.