China
When will China loosen its peg?
This article says that China was likely to have been conspicuous by its absence at the G7 gathering in Washington on the weekend of 16-17 April. Beijing is moving at its own pace on currency reform, it says, and it would seem just a matter of time before…
PBOC's Xiaoling on informal financing
In the speech 'Relax control on informal financing to promote resource allocation' given on 17 February (published 18 April), Wu Xiaoling of the People's Bank of China said China's financial sector is not flexible enough to accommodate the relatively…
G7 losing patience on China's exchange rate
The G7 retained the same official language following its meeting in Washington at the weekend, but the rich nations' frustration over China's fixed currency regime was evident in comments from various policymakers.
Interview with PBOC's Zhou
In an interview published on Wednesday 13 April PBOC governor Zhou Xiaochuan said the task in future is mainly centered on improving the mechanism in the shaping of the people's currency exchange rate rather than simply adjusting the rate of it.
US increases pressure on China to float currency
The Bush administration stepped up its appeals for China to let its currency rise on Thursday 14 April, as pressure mounted in Congress for tougher action on a host of Chinese practices that allegedly fuel the burgeoning US trade deficit.
Juncker says EU to press China on peg
European finance ministers are set to appeal to China at this week's Group of Seven meeting to allow its currency to appreciate, according to Luxembourg Prime and Finance Minister Jean-Claude Juncker.
Zhou: anti-money laundering mechanism essential
China's central bank governor Zhou Xiaochuan said on Tuesday 12 April that it is of "significant importance" for European and Asian countries to establish an efficient anti-money laundering mechanism, People's Bank of China sources were quoted as saying.
China to move on yuan rate at 'appropriate' time
Senior Chinese economists believe China's current exchange rate needs to be adjusted "at an appropriate time and in an appropriate way," the Shanghai Securities News has reported, according to State news agency Xinhua.
China SAFE's Ma Delun appointed to PBOC
China's State Administration of Foreign Exchange (SAFE) deputy director Ma Delun has been appointed as an Assistant Governor at the People's Bank of China.
US proposes law on China currency peg
A proposed law in the US would mean currency manipulation would be labelled an unfair trade practise allowing manufacturers to challenge China's fixed yuan peg.
Top Chinese officials to miss spring IMF meetings
Senior Chinese officials have said they will not attend spring meetings of the International Monetary Fund and World Bank at the end of next week, a U.S. Treasury Department official said on Tuesday 5 April.
China to reform forex regime, not just level
China's central bank will focus this year on how to establish a workable exchange rate mechanism instead of simply fixing the exchange rate at a certain level, the official China Securities Journal reported, citing a senior PBOC official.
Woman takes charge of China's State forex office
China has appointed a woman as the new director of the State Administration of Foreign Exchange (SAFE). Hu Xiaolian was formerly an assistant governor of the People's Bank of China.
China plans gradual forex reform, says PBOC chief
China will reform its exchange rate regime gradually on a schedule of its choosing and does not plan simply to revalue the yuan, the governor of the People's Bank of China said in an interview.
PBOC says Zhou's comments mis-reported
The People's Bank of China has denied reports that governor Zhou Xiaochuan told a closed door conference in Beijing this week that one-year deposit rates might be lifted in the second quarter of the year.
Zhou says nearly time for interest rate reform
Time is nearly right for market-oriented interest rate reforms and China's banks should learn to set their own interest rates, Xinhua news agency quoted People's Bank of China governor Zhou Xiaochuan as saying.
PBOC says Guo Shuqing still bank vice governor
The People's Bank of China has said Guo Shuqing is still a vice governor at the central bank, following his recent appointment as the Communist Party secretary of China Construction Bank.
How foreign reserves could make China yet stronger
This article says China's burgeoning foreign exchange reserves could provide an ideal remedy if the country's financial system is too fragile to sustain high growth levels in the long term. Up to $500 billion could be put into a social reconstruction…
PBOC to maintain managed floating forex mechanism
China will maintain its managed floating rate mechanism for its yuan currency, state television quoted central bank governor Zhou Xiaochuan as saying.
China's Wen says progress made on yuan rate
China's Premier Wen Jiabao said on Monday 14 March that the country is working on a plan for a more flexible exchange rate of the renminbi but the specific measures may come at an "unexpected" time.
China technically ready on yuan move - IMF
International Monetary Fund managing director Rodrigo Rato told a press conference China is "technically" ready to adjust its currency and now is the time to move to a more flexible exchange rate mechanism.
Zhou Xiaochuan appointed Chairman of the BIS ACC
The Board of Directors of the Bank for International Settlements announced on Monday 7 March that Zhou Xiaochuan, Governor of The People's Bank of China, will become Chairman of the BIS Asian Consultative Council (ACC).
China fires PBOC official for gambling
The People's Bank of China has sacked the head of a local branch in northeast China's Jilin province for gambling, China News Service reported, without citing sources.
Report says share of China's dollar reserves fell
Investment bank Lehman Brothers said in a report this week that China reduced the share of its foreign reserves held in US dollar assets last year.