People’s Bank of China (PBoC)
Markets recoil as major central banks ease policies
Chinese, European and UK central banks take monetary policy action; moves leave no doubt about gloomy global economic picture as eurozone stock markets fail to rally
China moves to promote offshore renminbi trade
HKMA welcomes new Chinese government measures to support growth of offshore renminbi business in Hong Kong; central banks buy $315 million of offshore renminbi bonds
MAS agrees establishment of office in China
Monetary Authority of Singapore will open a representative office in Beijing after settling on a deal with the People’s Bank of China; third overseas office for MAS
Brazil and China agree currency swap and deepen cooperation
Central Bank of Brazil announces agreement with China Banking Regulatory Commission to enhance exchange of information; governments agree to currency swap
‘Not clear’ China wants renminbi to rival dollar, says CIC’s Lau
China is pushing for the renminbi to be used more widely in commerce and finance but it is unclear if Beijing wants its currency to rival the US dollar and euro, says CIC’s Lawrence Lau
PBoC hires banker as deputy governor
Top executive leaves Agricultural Bank of China to become deputy governor at the People’s Bank of China; brings total number of deputy governors to four
PBoC cuts rates and moves to address ‘informal lending’
People’s Bank of China surprises many observers with 25bp cut in benchmark rates; moves to ease banking restrictions on lending in China
Nalm Americas: Reserves panel split on euro
Some central banks in the Americas are reducing allocation to euro – but not necessarily as a result of the eurozone debt crisis
PBoC decision to widen trading band welcomed
Chinese central bank announces “enlarged” floating band of renminbi trading prices against the US dollar; analysts and IMF welcome decision
Bank of Thailand opens representative office in Beijing
Thai central bank opens office in Beijing; third foreign representative office aimed at developing “understanding” of China’s economic developments
China and Australia sign A$30bn currency swap
Australia joins the ranks of central banks with a bilateral currency swap line with China; reflects increased use of renminbi and closer trading ties between the countries
China and Mongolia double currency swap arrangement
Chinese and Mongolian central banks agree supplementary currency swap arrangement that doubles the amount of currency at stake under the deal
China prepares for MPC overhaul
State news agency reveals new members of monetary policy committee; all three are senior academics in the country
China expands yuan cross-border settlement option to all exporters
People’s Bank of China permits all companies qualified for foreign trade activities to conduct international settlements in yuan, reports official Xinhua news agency
Turkey agrees currency swap with China
Central Bank of the Republic of Turkey and People's Bank of China agree currency swap
HKMA head Norman Chan on bank regulation and the renminbi
Chief executive tells Christopher Jeffery that central bankers need to be proactive in dealing with asset bubbles. He also explains Hong Kong’s role in the renminbi's internationalisation
China cuts reserve ratio again
People’s Bank of China knocks 50bp off the reserve requirement for the country’s largest banks; policy to remain “prudent” says central bank
China prepares for an ‘arduous’ year
Task of maintaining financial stability will be ‘arduous’ in 2012, says People’s Bank of China deputy governor; focus will be on risks from regional banks and non-banking institutions
Malaysia and China extend currency swap arrangement
People's Bank of China and Bank Negara Malaysia renew and expand currency swap arrangement, designed to facilitate greater bilateral trade and investment
Central bankers gather in Davos for World Economic Forum
Central banking is a hot topic at this year's World Economic Forum; attendees of the event discuss issues in Russia, Poland, China and more
BoK to invest reserves into onshore renminbi assets
Inter-bank bond market quota and QFII qualification pave the way for Bank of Korea to place more of its reserve in mainland China
Chinese government and central bank identify targets for progress
People’s Bank of China publishes outcome of government planning meeting; document reveals aims for variety of areas including monetary policy and systemic risk management
Bank of Finland paper investigates China’s evolving reserve requirements
Bank of Finland discussion paper charts the changing role of reserve requirements as a policy tool in Asia's biggest economy
IMF and China make joint call for stronger financial stability assessments
People’s Bank of China and International Monetary Fund hold joint symposium in Shanghai; call for better financial stability assessments in Asia and worldwide