Central Banking
Danish payments report details challenging shift to real time
Completed in November 2014, ‘Straksclearing’ allows real-time settlement of retail payments, but has run into a few issues; National Bank of Denmark also in process of overhauling RTGS system
BoJ’s Sato says QQE becoming harder to implement
Takehiro Sato warns easing programme risks undermining confidence in central bank policy by eroding fiscal discipline, making interest rates harder to control
China grapples with balance of financial reform and risk
The Chinese government is keen to encourage financial markets to catch up with manufacturing’s sophistication. But balancing liberalisation with stability and growth is proving complex
Chinese policy-makers offer olive branch on regional development
Jin Liqun and Zhu Guangyao say they will work with Bretton Woods institutions as the new infrastructure and development banks look to generate infrastructure investment in region
Iceland launches plan to lift capital controls
Failed banks' estates must agree settlement with creditors within six months or face heavy one-off tax; either way this should pave way for controls to be lifted next year
The IFF China Report 2015: The Chinese economy at a crossroads
Policy-makers offer insights into the structural transformation of the Chinese economy, financial deepening, trade and development, and the role of the renminbi in the international monetary system
The rising international role of the renminbi
The global reach of Chinese investment and the renminbi have expanded rapidly over the past few years. The currency’s journey is seen by some as a reflection of China’s global ambition and expansion
Zhu Guangyao on global financial governance, divergent monetary policy and IMF reform
China's vice-minister of finance Zhu Guangyao speaks about the state of the global economy, deflation, and China's role in finance reform and the international monetary system
Former PBoC chief explains why RMB evolution brings benefits to China and rest of the world
Dai Xianglong, former chairman of China’s National Social Security Fund (NSSF) and former president of IFF, backs the idea of the internationalisation of the renminbi and the benefits it could bring
Bank of China chairman on RMB internationalisation moving from strength to strength
The renminbi now ranks second in the world’s most-used currencies in trade finance, and its internationalisation has gone from strength to strength, says Tian Guoli, chairman of the Bank of China
Justin Lin on fixing the fault lines of the international monetary system
Former chief economist at the World Bank, Justin Lin, explains why US, not Asian, policies caused the financial crisis and recommends how to fix endemic global imbalances
ICBC chairman on the overseas expansion of China’s banking industry
ICBC chairman and president of IFF, Jiang Jianqing, details the challenges Chinese financial institutions need avoid as they continue to expand their global operations
CIC's Li Keping on fine-tuning the new era of Chinese outbound investment
Li Keping, vice-chairman of China Investment Corporation (CIC), pinpoints how to overcome challenges to create co-operative foreign investments mutually beneficial to China and host countries
AIIB chief on China's outbound investment development and challenges
Jin Liqun, secretary-general, Multilateral Interim Secretariat for Establishing the AIIB, looks at the challenges and responsibilities of China becoming a major overseas investor
China's ‘One belt, one road’ vision to strengthen co-operation
The ‘One belt, one road' vision reflects both the demand from countries to release infrastructure bottlenecks and improve connectivity, as well as a need for China's own development and security
South-South development co-operation in transformation
China's approach in South-South development co-operation focuses on using ‘what China owns and knows best' by combining trade, investment and development co-operation
Chinese outward direct investment: overtaking other EMEs
With China’s labour costs rising rapidly, enterprises are facing pressure to seek out low-cost locations – they either have to move westwards seek new opportunities in the global economy
Trade structure: from raw materials to machinery and services
China’s export structure has changed radically over the past three decades, moving from being dominated by raw materials in the 1980s to machinery and services in the 2000s.
Future-proofing risk in the Chinese economy
Zhang Shenfeng, chairman of the China Financial Futures Exchange (CFFEX), argues that a multi-layered capital market must include an active financial futures to facilitate real-world risk management
Zhu Guangyao on China's 'new normal', investment and external pressures
Chinese vice-minister of finance, Zhu Guangyao, explains China's 'new normal', efforts to improve asset investments, fiscal policy challenges and the country's external operating environment
Creating an effective equity market in China
Wang Jianxi, chairman of Shenyin and Wanguo Securities, sees the delicate balancing act of supervising the financial markets as key to developing a multi-layered capital market
Improving China's OTC business is a vital for the creation of a multi-layered capital market
Zhu Congjiu, vice-governor of Zhejiang province and former assistant to the chairman of the China Securities Regulatory Commission, explains how the country can effect a multi-layered capital market
Reform and the Shanghai Free-Trade Zone
Zhou Hanmin, vice-chairman of the Shanghai People’s Political Consultative Committee, describes how the creation of the Shanghai Free-Trade Zone represents China’s fourth phase of opening up
Four steps to creating a multi-layered capital market
Former chairman of China’s National Social Security Fund, Dai Xianglong, describes four steps needed to develop a multi-layered capital market, which includes addressing important data issues