PBoC in finance ministry talks for capital: report

The People's Bank of China is in talks with the country's finance ministry to shore up its capital base, the New York Times, a newspaper, said Friday.

The newspaper said that it had spoken to three unnamed officials familiar with the discussions, which had been called because the central bank allegedly has a capital base of just $3.2 billion after spending about $1 billion on US Treasuries and US agency debt [Fannie Mae, Freddie Mac and Federal Home Loan Bank paper] over the past seven years.

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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