China
Greenspan promotes stronger Chinese yuan
China may improve the stability of its economy by allowing the yuan to rise faster, Alan Greenspan, former chairman of the U.S. Federal Reserve, said Monday 29 January via video link at a conference in Shanghai organized by UBS AG.
PBOC's Wu says yuan to shift gradually
People's Bank of China deputy governor Wu Xiaoling said at the World Economic Forum that the yuan exchange rate will gradually become more flexible.
China:Strengthening monetary policy implementation
According to this IMF Working Paper, published January 2007, the People's Bank of China (PBC) has made great strides in modernizing its monetary policy frameworks but their effectiveness will diminish as the sophistication of the economy increases.
China's Yu says coordinate foreign reserve policy
Yu Yongding, a former adviser to the People's Bank of China, said on Friday 26 January that officials should coordinate foreign reserve policy with other Asian central banks to prevent volatility in currency markets.
PBOC's Fan sees yuan fluctuating
Fan Gang, the only non-government representative on the monetary policy committee of the People's Bank of China, said Thursday 25 January has said the trend for the yuan will be to fluctuate, rather than rise constantly.
More on China's new finance strategy
Following the new strategic guidelines announced by the Chinese prime minister, Wen Jiabao, following the crucial meeting of the Central Financial Committee last weekend, CentralBankNews.com understands that a more detailed document will be published…
China aiming for 'basic balance' in payments
The head of China's currency regulator SAFE said Sunday 21 January that it will ease rules for capital to flow out of the country this year while making it harder for money to enter.
IMF chief calls for flexible yuan, warns BoJ
The head of the International Monetary Fund said Monday 22 January that greater flexibility in China's exchange rate will help Asian economies cope with potential risks from sharp capital inflows.
China's reserves plan 'won't hurt U.S. dollar'
There is only a small chance of any immediate fallout on the U.S. dollar resulting from China's decision to alter the way it plans to manage its $1.06 trillion in foreign exchange reserves, according to The Wall Street Journal.
PBOC advisor says yuan rise may increase surplus
Further yuan appreciation could cause China's trade surplus to increase rather than shrink, a leading advisor to the Chinese central bank told a conference on Sunday 21 January.
HKMA says real-time bond system ready 5-6 weeks
The real-time settlement system for yuan-denominated bond issues in Hong Kong will be ready in 5-6 weeks, HKMA chief executive Joseph Yam said in Beijing Tuesday 16 January.
PBOC researcher says reserve, rates need adjusting
A People's Bank of China researcher has said in a report that the PBOC needs to raise the reserve requirement again as well as adjust interest rates to rein in liquidity.
IMF paper on foreign investment in China's banks
The IMF Working Paper "The rise of foreign investment in China's banks: Taking stock" takes stock of the involvement of foreign banks in the Chinese banking sector in the perspective of international experience.
IMF paper on rebalancing China's economy
The IMF Working Paper "Rebalancing China's economy: What does growth theory tell us?" uses the standard one-sector neoclassical growth model to investigate why China's consumption has been low and investment high.
IMF says HK peg can withstand strong yuan
The International Monetary Fund on Tuesday 9 January gave its backing to the Hong Kong dollar's peg to the U.S. dollar, saying recent reforms meant the exchange rate could withstand Chinese yuan strength.
PBOC chief wants more data before decision
Chinese central bank governor Zhou Xiaochuan said on Wednesday 10 January in comments to Reuters he was waiting to see more economic data before making any decision to change interest rates.
China considering economic super agency
China's state media reported Tuesday 9 January the country will mull a new financial super inter-agency to manage its five trillion dollars held in the nation's various state-run financial institutions.
China can do better than swap dollars for oil
This article published by Bloomberg on Tuesday 9 January asks why China couldn't earn more by shifting some of its reserves to high-yield investments instead of keeping all its money invested in hard- currency debt issued by foreign governments.
PBOC raises bank reserve requirement
The People's Bank of China said Friday 5 January it had raised the reserve requirement for commercial banks in a bid to stem a rising tide of liquidity in the banking system.
Central banks tiptoeing away from the dollar
According to this article from The New York Times published Tuesday 2 January, nations with large holdings of dollars are becoming increasingly willing to dump them in favour of the euro.
PBOC's Wu expects Fed rate cuts in 2007
The US Federal Reserve is expected to cut rates in 2007 and that will reinforce the dollar's downwards bias and the yuan's tendency to rise, a senior Chinese central banker was reported by the Financial News as saying.
China to launch SHIBOR to develop benchmark rate
China will launch the Shanghai Interbank Offer Rate (SHIBOR) from Thursday 4 January, in a move to develop a benchmark rate for the interbank market, the People's Bank of China said.
China may use Singapore in managing reserves
China could manage its massive foreign exchange reserves according to the "Temasek Model" of Singapore, according to Wu Xiaoling, vice-president of the People's Bank of China.
PBOC says Thailand has lessons for China
Thailand's recent financial turmoil holds lessons for China and shows that controls over the pace of currency appreciation are needed, a People's Bank of China researcher said Thursday 21 December.