People’s Bank of China (PBoC)

China raises renminbi value

China has raised the value of the renminbi even as its central bankers rule out major reductions in the dollar share of the country's foreign exchange reserves.

Chinese interest rate reform

The People's Bank of China will continue reforms this year to make interest rates more market oriented, the central bank-backed Financial News said in a front-page editorial on 8 February.

Interview: Li Ruogu

In this exclusive interview, the deputy governor of the People’s Bank of China provides the background to the recent reform of its exchange rate system, the current monetary policy, China’s role in the international monetary system and its reserve…

CBC vows to maintain its independence

Central Bank of China governor Perng Fai-nan has pledged never to implement any measures violating the regulations of the Central Bank of China Law, according to a report by the China Post. Perng made the pledge when he was questioned about the CBC's…

Perng says SARS unlikely to harm NT dollar

The SARS outbreak is unlikely to have a significant impact on Taiwan's economy. That was the view expressed by Central Bank of China governor Perng Fai-nan to Taiwan's finance committee on Thursday 17 April, reports the Central News Agency.

Taiwan's cb fights SARS

The China Post in Taiwan has provided more details of the unusual cure Taiwan's central bank chief has proposed for the deadly disease Severe Acute Respiratory Syndrome (SARS).

CBC gov favours listing of Taiwan firms in China

Perng Fai-nan, governor of Taiwan's central bank, said on Mar 7, 2201 that he personally endorses Taiwanese manufacturers that have set up companies in mainland China to get listed on the mainland's stock markets for fundraising purposes.

Large value Taiwan note will not trigger inflation

The issuance of a new NT$2,000 note in July 2001 will not trigger inflation, a financial official said Feb 16, 2001. In an attempt to allay fears that the debut of the large-denominated note will accelerate inflation, Wu Shaw-chii, director-general of…

Taiwan's forex reserves up to $108.05bn in Jan '01

Taiwan's foreign exchange reserves at the end of January 2001 totalled US$108.05 billion, the first rally in seven months, statistics released on Feb. 7 by the Central Bank of China (CBC) showed. The CBC statistics revealed that the amount of Taiwan's…

PBOC expects lift in capital adequacy ratios

The capital-adequacy ratios of China's four major commercial banks should all reach the current international benchmark of 8% by the end of 2002, state media reported Feb. 6, 2001, citing comments by People's Bank of China Gov. Dai Xianglong. Speaking…

China begins move to deregulate gold

The People's Bank of China, the country's central bank which has a monopoly on domestic gold trading, has taken the first step to deregulate the domestic gold market by reducing its authorised gold purchasing points in all provinces, industry sources…

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