China
China to intervene and save D'Long
China's central bank may be preparing to intervene to prevent the failure of troubled private conglomorate D'Long Group, in an unprecedented move to avoid financial chaos in China's banking system.
China's issues warning on inflation
China's central bank sees some effects from its attempts to combat rising inflation, but bad debts remain a problem.
Former auditing chief appointed to PBOC dep gov
Xiang Junbo, the former deputy auditor-general of National Audit Office (NAO), has been appointed vice governor of People's Bank of China, an official at the central bank press office said.
PBOC reports money supply growth slowdown
Money supply and credit loans growth rates dropped in July as a result of the government's effective macro-economic control policy, China's central bank said on Wednesday 11 August in its monthly report on financial performance.
Chinese regulators tackle illegal capital flight
China's financial and securities watchdogs have launched a crackdown on the illegal flight of capital via offshore financing centers such as the British Virgin Islands and Cayman Islands, state press reported.
PBOC appoints assistants to the governor
The People's Bank of China has appointed three assistants to the governor in what is seen as a final stroke to the planned management overhaul after Zhou Xiaochuan took the helm at the central bank at the end of 2002, the 21st Century Business Herald…
Bomb threat forces People's Bank to evacuate HQ
The headquarters of the People's Bank of China was evacuated after a man threatened to blow up the building, a senior official of the central bank said this week, according to AFP.
Japan says China must change fx system to enter G7
Japan's Ministry of Finance urges China to modify its tightly managed float of the yuan before it can be approved for entry into the Group of Seven nations, the Nihon Keizai Shimbun reported, citing an unidentified senior government official.
PBOC to ensure 'soft landing'
China's central bank will maintain its cautious stance on further monetary policy moves to ensure that the nation's fast-growing economy enjoys a "soft landing," Monday's China Daily quoted a leading official as saying.
Xiaoling on China & Africa as developing countries
In a speech on 'China and Africa as developing countries' given on 25 May, Wu Xiaoling of the People's Bank of China said China is the largest developing country in the world, and Africa is the continent with the largest number of developing countries…
IMF's Prasad on growth and stability in China
In a speech on 'Growth and Stability in China: Prospects and Challenges' given on 17 April, Eswar Prasad of the IMF said what Chinese policymakers need is a potent set of tools to create the sort of economic transformation that would prepare China for…
PBOC's Ning on China's economic development
In a speech on 'China's economic development and the current macroeconomic policy' given on 9 June, Su Ning of the PBOC said China's exchange rate reform is still underway. In light of China's current stage of economic development, performance of the…
PBOC's Zhou says China won't loosen loan controls
The People's Bank of China will not loosen control over loan extension despite complaints from local businesses about cash flow problems, according to Governor Zhou Xiaochuan of the People's Bank of China.
New Hong Kong banknotes
The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks (Bank of China (Hong Kong) Limited, Standard Chartered Bank (Hong Kong) Limited and The Hongkong and Shanghai Banking Corporation Limited) announced on 5 July the issue and unveiled…
Research says China's economy growing
China's economy is expected to grow 11.3 per cent in the year through the second quarter, up from the 9.8 per cent of the first quarter, a think-tank under the country's economic planner says.
PBOC sells 20 bn yuan in bank bills
The People's Bank of China, the country's central bank, said it had successfully sold 20 bn in discounted short-term bills, made up of 15 bn yuan in three-month bills and 5 bn yuan in one-year bills, in the interbank market on Tuesday 6 July.
PBOC's Zhou says China managing to slow economy
China's central bank Governor Zhou Xiaochuan said Sunday that progress in efforts to cool the country's booming economy has been satisfactory but he could take additional measures if they yielded few results.
IMF urges more flexible yuan policy
Rodrigo Rato, the new International Monetary Fund (IMF) managing director, on Thursday 24 June told China's leaders that now would be a good time to make their yuan exchange rate policies more flexible.
PBOC denies interest rate rumour
The People's Bank of China (PBOC), the central bank, denied media reports on Monday that its research bureau had sent a report proposing an interest rate rise to the State Council, China's cabinet.
PBOC official says no rate increase planned
People's Bank of China spokesman Bai Li said thsat he was unaware of any submission of detailed plans to raise interest rates to the State Council, according to a report published on Monday 14 June .
PBOC's Zhou says watching prices -report
China's central bank chief Zhou Xiaochuan said that the People's Bank of China will closely monitor any further changes in the consumer price index, according to a report published on Monday 7 June.
Supervision of banks paying off reports CBRC
The China Banking Regulatory Commission (CBRC) said Thursday its recent efforts to strengthen the supervision of banks and contain their lending risks have shown good results, according to Friday's China Daily.
PBOC won't hike rates if economy grows
China will not raise interest rates as long as the nation's economy keeps growing, People's Bank of China Vice Governor Su Ning said at a symposium in Tokyo, the Nihon Keizai Shimbun reported.
Renminbi float will be monitored closely, Zeti
Malaysia will closely monitor the implications of a possible float in the now-pegged renminbi in the foreign exchange market and particularly the effects on the local economy.