China
BIS warns on inflation and trade imbalances
The Bank for International Settlements (BIS) noted in its 77th Annual Report, released on 24 June, that the performance of the global economy over the last few years has been extraordinary, raising "questions about the source and, closely related, the…
Geithner on lessons from the Asian crisis
That crisis countries had fixed but adjustable pegs, was one of the main lessons Tim Geithner, the president of the New York fed, highlighted ned in a recent speech.
US treasury points to dangers of sovereign wealth
Clay Lowery, acting under-secretary for international affairs at the US treasury, has asked the International Monetary Fund and the World Bank to compile best-practice guidelines for sovereign wealth funds.
China cool on IMF policy shift
The People's Bank of China reacted coolly to the change in the International Monetary Fund's currency monitoring policies (see our news item, 19 June).
Chinese regulator fines lenders
Two of the major commercial banks in China and six other financial institutions will be fined for lending money used by two state companies to buy stocks and real estate, despite official efforts to step up the regulation of state-owned banks and the…
PBoC issues rules to combat terrorist financing
China's central bank has set out new rules for the finance industry designed to combat the movement of money suspected of being used for terrorist purposes.
Risks rising for emerging markets - RBI's Reddy
Y.V. Reddy, the governor of the Reserve Bank of India, has warned that new financial market players and instruments, as well as greater market integration, mean that the risk of contagion to emerging economies may have grown.
Pig disease threatens inflation rise in China
Food prices, especially those of pork and eggs which make a substantial contribution to the country's inflation rate, are being closely watched by the People's Bank of China.
Regulatory concerns knock Chinese shares
China's stock market closed 8.26% down on Monday 4 June as worries that the government is about to take further measures to cool the economy triggered a major sell-off.
PBoC deputy weighs in on exchange rate battles
With the US and China engaged in talks over the latter's large trade surplus, Su Ning, the deputy governor of the People's Bank of China has said that the surplus has not been caused by the yuan-dollar exchange rate but that the country nonetheless…
What next from Chinese reserve managers?
These two articles analyse this week's announcement that the new agency managing part of China's $1.2 trillion in foreign reserves will buy a $3 billion stake in the American private equity firm, Blackstone Group LP.
Monetary operations in China
This Bank of Japan Working Paper suggests that the People's Bank of China's money market operations have been focused mainly on China-US interest rate differentials for the sake of stability in the Renminbi exchange rate after the July 2005 reform.
China hikes rates, loosens currency markets
The People's Bank of China raised interest rates for the fourth time in a year on 18 May and widened the yuan's daily trading limit against the dollar.
If China's market bubble flattens, will SA pop?
This article, from the South African "Business Report", examines what the possible outcome to the country will be if Chinese stock markets undergo a sudden correction.
Zhou says room to raise reserve requirement
China still has room to raise the commercial banks' reserve requirement ratio, the Shanghai-based Oriental Morning Post reported Thursday 17 May, citing People's Bank of China governor Zhou Xiaochuan.
PBOC says credit growth still too high
The People's Bank of China said in its first quarter monetary policy report, published Thursday 10 May, that credit growth remains too high and it needs to maintain a reasonable level of expansion.
IMF's Rato at the MIT Latin Conference
In a speech given on 27 April Rodrigo de Rato of the IMF said Latin America's future is not entirely in its own hands.
PBOC's Zhou unsure on reserves trend
The governor of the People's Bank of China said in Switzerland Monday 7 May the outlook for China's foreign reserves remains unclear following a big increase in the Q1.
China, Japan, Korea to pool some reserves - report
Bloomberg reported on Friday 4 May that China, Japan and South Korea have agreed to combine some of their foreign-exchange reserves in order to prevent any repeat of the crisis that hit Asia a decade ago.
Stock exchange chief urges BoT to cut rates
According to the head of Thailand's stock exchange, the central bank should cut interest rates faster to spur sluggish domestic spending and the flagging economy.
Dodge on Canada and free trade
In his opening statement to the House of Commons Standing Committee given on 1 May David Dodge of the Bank of Canada made similar comments to those of Ben Bernanke the same day, saying if the United States resorts to protectionist measures against major…
PBOC raises reserve ratio
The People's Bank of China has ordered major commercial banks to set aside more money in reserves in a move to slow its economy.
PBOC proposes bond issue to buy forex reserves
China's state media quoted a People's Bank of China official as saying Wednesday 25 April that the planned FX reserve agency should issue special treasury bonds to buy reserves to invest abroad.
Zhou Xiaochuan, the one million dollar man
What can you do in one minute? Add $1 million to China's currency reserves, according to this recent article from Bloomberg. 'Simply stunning,' according to one economist who predicts big problems if things don't change.