China
China mulls reserves shift to liquid assets
People's Bank of China officials revealed more on Tuesday 10 January as to how they are likely to manage their foreign-exchange reserves, saying they won't sell off a large amount of existing US dollar holdings but may move some reserves into other…
IMF's Rato calls for 'market value' yuan
International Monetary Fund Managing Director Rodrigo Rato on Sunday 8 January said China should take full advantage of its decision last year to introduce more flexibility to its currency regime.
Are we headed toward one world currency?
This article published on Friday 6 January suggests that we are unlikely to see one world currency in our lifetimes, but that we may see a new currency zone develop in China.
PBOC pledges continued improvement on ex rate
The People's Bank of China disclosed the macro-control goals for its monetary policy in 2006 on Thursday 5 January. China's SAFE also revealed plans "to actively explore ways of investing foreign exchange more efficiently".
China's central bank to issue US$5b in bills
China's central bank will issue up to 40 billion yuan ($4.96 billion) in one-year bills in open market operations on Thursday, down from 45 billion yuan a week earlier, it said on Wednesday 4 January.
How the RMB revaluation will play out in 2006
According to this article, China's RMB will continue the gradual pace of its appreciation in the next 12 months despite the recent flurry of policy manoeuvring to increase forex flexibility.
Size matters and China just got much bigger
According to this article published on Wednesday 21 December, China, an economy few central bankers, economists and pundits thought about three years ago just leapfrogged over the UK, France and Italy to become the world's fourth largest.
China says economic growth no threat
China has repeated its intentions to rise peacefully as a global power, insisting that its new found economy would be beneficial to the world.
PBOC vows to keep stable yuan
China's central bank has released a report saying it will keep the yuan stable at a 'balanced and reasonable level' but that it also sees increasing flexibility in the exchange rate.
China statistician calls yuan reforms 'successful'
China's top statistician Li Deshui said on Tuesday 20 December that China's exchange rate reform is "successful", noting that the policy "should not be changed so frequently."
Adams says China lacks 'consensus' on yuan
The U.S. Treasury's top official for international issues, Tim Adams, said Monday 19 December that China's reticence at allowing a greater role for the market in determining the value of its currency may rest with political leaders who are yet to take a…
Singapore's Tong on riding the Asian tide
In the speech 'Riding the Asian tide' given on 8 November Goh Chok Tong said the rise of China and India will shift the global economic centre of gravity from West to East.
RBA's Stevens on Asia's financial system
In a speech to the 18th Australasian Finance and Banking Conference 2005 given on 14 December Glenn Stevens of the RBA said the development of Asia's financial system had not kept pace with its rapidly accelerating economies.
US Treasury official calls for China FX action
A US Treasury official said on Monday 12 December that China should act on its pledge to make its currency regime more flexible.
Xiaochuan expects less pressure on yuan move
China's central bank governor Zhou Xiaochuan said he expects less pressure for a yuan revaluation next year, as China will move to cut its trade surplus.
China 's FX reserves may reach $1 trln
China's foreign exchange reserves will exceed 1 trillion US dollars eventually, economist and People's Bank of China adviser Yu Yongding said.
G-7 falters in sending stern message to China
Although finance ministers from the Group of Seven industrialised nations were optimistic three months ago that China's new currency regime would help the global economy find its lost balance, they weren't so sure last weekend, this article published…
Deflation looms as China's economy cools off
According to this article published Wednesday 30 November, Chinese officials seem to be pulling off an orderly deflating of their nation's economic bubble. Along with this year's deftly handled 2.1 percent revaluation of the yuan, the feat suggests…
PBOC says China to deepen yuan rate reform
China will deepen yuan exchange rate reforms and further promote the convertibility of the currency in the capital account, the People's Bank of China (PBOC) said in answer to a series of questions published in the China Securities Journal.
G7 calls for further move on yuan flexibility
The G7 nations increased pressure on China to move to a more flexible currency regime on Saturday 3 December and asked the IMF to take a bigger role in offering advice on foreign exchange.
Yuan is still pegged to the dollar
According to this article published Tuesday 29 November, there's a good chance that 2005 will be remembered in the financial markets as the year in which China blinked and made the yuan more flexible. This misconception should be snuffed out fast, it…
Yuan reform takes time
According to this article published on Monday 28 November, it's likely that China will permit further appreciation of its currency. What's certain, it says, is that Beijing won't allow itself to be seen as bowing to pressure.
China says revaluation to slow reserves rise
The rapid build-up in China's foreign exchange reserves should slow following the revaluation this year of the renminbi, the People's Bank of China said on Wednesday 30 November.
Hedge funds bet Asia will boost gold reserves
According to this article published on Tuesday 29 November, hedge funds, after sending the gold price to an 18-year high, are looking to China and other Asian central banks as the next big drivers of the precious metal.