China

A punch bowl made in China

China is supplying a punch bowl to keep the party going despite the Federal Reserve's best efforts, according to an article published on Wednesday 10 August. So consumers can thank Beijing and other Asian central banks for all the cheap credit, it says.

PBOC's Xiaochuan on developing capital markets

In the speech 'Improve corporate governance and develop capital market' given on 13 July, Zhou Xiaochuan of the People's Bank of China said if we hold the view that the objective of financial sector reform is to make the financial institutions stronger…

CITIC Securities to revamp China Securities

China's CITIC Securities Co confirmed media reports on Friday 12 August that it is teaming up with Jianyin Investment Ltd, an investment arm of the central bank, to restructure Beijing-based China Securities Co.

Comment: China points way to wider reform

Robert Pringle, editor of Central Banking, explains why China's recent moves underline the need for a wider reform of world money (extracts from an interview with the German newspaper, Handelsblatt published on 11 August).

PBOC's Xiaoling on financial theoretic research

In a speech given on 3 June (published 10 August) Wu Xiaoling of the People's Bank of China said researchers need to be objective, independent and scrupulous with the research work and this will help promote China's economic and financial theoretic study.

China reveals details of yuan basket

China announced major currency market reforms on Wednesday 8 August and also published details of the basket of currencies to which the bank refers in managing the float of the yuan.

US Treasury confident of China yuan moves

The Bush administration expects China will continue to move toward greater currency flexibility even though the steps taken so far have been small, a top Treasury Department official said.

ECB rates on hold a while longer says Stark

The ECB's decision not to change rates at its meeting on Thursday 4 August was foreshadowed in a newspaper interview with Bundesbank Vice President Juergen Stark who said muted price pressures allow rates to remain on hold for a while longer.

PBOC: China will adjust yuan band at 'proper time'

China will carry out further adjustments to the yuan's trading band only at the 'proper time', the People's Bank of China said on Thursday 4 August in its first monetary policy report since the recent announcement of currency reforms.

Dallas Fed's Fisher on the world economy

In the speech 'The world economy: Sharpening our peripheral vision' given on 29 July, Richard Fisher of the Federal Reserve Bank of Dallas said China's growing role in the global economy presented challenges to the United States, but that the U.S…

PBOC's Ning on China's bond market

In the speech 'Promoting actively development of China's bond market' given on 15 July, Su Ning of the People's Bank of China said he is confident that, with the efforts of all parties in China's bond market, the Chinese bond market is bound to see a…

China's yuan decision may not change things much

This article published on on Thursday 28 July suggests the enthusiasm which greeted China's recent currency revaluation was sorely misguided. Taken together, the details outlined in the announcement left the future of China's currency as murky as if the…

PBOC to reveal more details on yuan in next step

The People's Bank of China said on Friday 29 July that it will provide more details of its revaluation of the yuan in the next step, including more information on the basket of currencies for the yuan exchange rate.

China advisor sees second yuan revaluation in 2006

Zhang Shuguang, a former senior fellow at China's Academy of Social Sciences, the government's leading research body, said he expects a second revaluation of the yuan of between 2-3% in 2006 as hot money pressures are likely to force further adjustment.

Statement by People's Bank of China on yuan

The People's Bank of China issued a statement on Tuesday 26 July which played down market speculation of further rises of the yuan after last week's 2.1-percent yuan revaluation.

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