China
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.
Australian govt to quiz RBA chief on economy
Reserve Bank of Australia governor Ian Macfarlane will be grilled Friday 12 August on the chances of another rate rise, or possibly a rate cut, in coming months.
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.
Economist says China should resist yuan pressure
A senior Chinese economist and government advisor has said China should not give in to further US pressure to change the value of the yuan following last months shift.
Shocks may pose threat to China, says Nobel winner
Edward Prescott, the Nobel 2004 economics prize laureate, told an economics conference in Singapore on Friday 5 August China's fast growth rate may mean the economy is vulnerable to external shocks.
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.
IMF's Rato says no case for sanctions on China
IMF Managing Director Rodrigo Rato said in an interview on Thursday 28 July that there is no case for trade retaliation against China because of its foreign exchange policy.
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.
Market to decide yuan's value according to PBOC
The People's Bank of China has insisted that it would allow markets to set the value of the yuan following last week's 2.1 percent adjustment, state media reported Thursday.
China yuan move helpful says Fed's Gramlich
US Federal Reserve governor Edward Gramlich has said China's decision to revalue its yuan currency was a positive step that should help reduce global economic imbalances.
China should be allowed to join says OECD chief
Donald Johnston, secretary general of the Organization for Economic Cooperation and Development ( OECD), said in an interview on Tuesday 26 July that China should be admitted as a member of the organisation.
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.
Zimbabwe, China sign economic cooperation deal
Zimbabwean President Robert Mugabe and Chinese leader Hu Jintao signed an agreement on economic cooperation on Tuesday 26 July.
RBI sees consequences from China rate move
The Reserve Bank of India said on Tuesday 26 July that the shift in exchange rate policy announced by China was likely to have important consequences for the global economy.
PBOC denies reports on currency
The People's Bank of China warned on Tuesday 26 July that it has no plans to allow sharp increases in the yuan's value, saying a 2 per cent increase last week was part of an exchange-rate reform and not an initial step to more increases.
Reports claim China told US of yuan plan
News reports on Monday 25 July said that US officials were informed by the Chinese government in advance of its decision to drop its currency's link to the dollar last week and raise its exchange rate.