China
PBOC's Zhou calls for deposit insurance
China should make the setting up of a bank deposit insurance system a priority to protect savers and help liquidate indebted banks, central bank governor Zhou Xiaochuan was quoted on Monday 18 October as saying.
PBOC's Xiaochuan on anti-money laundering in China
In a speech on 'Anti-money laundering in China - the status quo and prospects' given on 27 August, Zhou Xiaochuan of the People's Bank of China said despite some achievements attained in China's anti-money laundering (AML) work, we are still facing very…
PBOC dep gov sees move on yuan
On Sunday 3 October, People's Bank of China deputy governor Li Ruogu spoke about the development on the Chinese economy, stressing the U.S. efforts for yuan convertibility.
IMF urges China to float yuan now
IMF managing director Rodrigo de Rato said on Wednesday 29 September that it would be to China's advantage to uncouple the yuan from the dollar. This article looks at the chances of China making some concession on the currency question at Friday's G7…
China agrees 'steady' move on exchange rate
The US won a commitment from China at the G7 meeting in Washington on Friday that it would move 'firmly and steadily' to a flexible, market-based currency.
G7 to discuss oil prices and China
Finance ministers and central bank governors from the Group of Seven industrialised nations will hold a one-day meeting on Friday 1 October in Washington.
China predicts economy growing 8-9 pct in 2004
China's economy is on track to grow between 8 and 9 percent in 2004 despite government cooling measures, Yao Jingyuan, spokesman for the National Bureau of Statistics, was quoted today (28 September) as saying.
Ex-BOJ official says G7 to share views with China
The Group of Seven major economies are likely to seek to share views on the world economy with China in a financial meeting later this week rather than to negotiate on any specific issues, a former Bank of Japan executive has said.
China's Wen says no plan for imminent rate rise
China's Premier Wen Jiabao has ruled out the possibility of an imminent rise in interest rates and added that the country would consider its own macroeconomic situation and inflation before making any decision on rates.
China price performance remains stable, says PBOC
"The price performance in China remains stable on the whole," said Governor of the People's Bank of China Zhou Xiaochuan on Sunday.
China to appoint new securities mkt chief
China is set to replace the head of its stock and derivatives markets regulatory body with the vice-mayor of the southwestern city of Chongqing, a Government source familiar with the situation said on Wednesday, according to Sify Finance.
China eyes capital market reforms
China has succeeded in curbing investment and credit growth, and the priority now is to free up interest rates, People's Bank of China deputy governor Li Ruogu said in remarks that may signal long-awaited capital market reforms are drawing nearer.
PBOC's Zhou says rates on hold for now
The People's Bank of China will not consider changing the interest rates until August's statistics are released, according to PBOC Governor Zhou Xiaochuan.
China plans gold futures trading
China aims to start gold futures trading in the near term, a move meant to add to the country's limited investment options amid soaring demand for the precious metal, state press reported on Tuesday 7 September.
PBOC's Tinghuan on China's real estate finance
In a speech on 'China's real estate finance and policy implications' given on 26 June. Liu Tinghuan of the People's Bank of China said China is in the historical stage of new industrialization, urbanization and building a moderately affluent society in…
China appoint Yu Yongding to monetary policy board
The People's Bank of China has formally announced the appointment of Yu Yongding to its monetary policy committee to replace Li Yang as the only financial expert on the 13-member board, XFN-Asia reported.
PBOC says looser macro controls risk overheating
China's central bank governor, Zhou Xiaochuan, warned on Thursday 2 September in a statement on the People's Bank of China website that Beijing risks another round of economic overheating if it relaxes its macro administrative controls too early.
IMF suggests flexible rates for China
In its most recent report on the Chinese economy the International Monetary Fund warned that a "soft landing is not yet assured" and recommended the introduction of a more flexible exchange rate quickly.
China to intervene and save D'Long
China's central bank may be preparing to intervene to prevent the failure of troubled private conglomorate D'Long Group, in an unprecedented move to avoid financial chaos in China's banking system.
China's issues warning on inflation
China's central bank sees some effects from its attempts to combat rising inflation, but bad debts remain a problem.
Former auditing chief appointed to PBOC dep gov
Xiang Junbo, the former deputy auditor-general of National Audit Office (NAO), has been appointed vice governor of People's Bank of China, an official at the central bank press office said.
PBOC reports money supply growth slowdown
Money supply and credit loans growth rates dropped in July as a result of the government's effective macro-economic control policy, China's central bank said on Wednesday 11 August in its monthly report on financial performance.
Chinese regulators tackle illegal capital flight
China's financial and securities watchdogs have launched a crackdown on the illegal flight of capital via offshore financing centers such as the British Virgin Islands and Cayman Islands, state press reported.
PBOC appoints assistants to the governor
The People's Bank of China has appointed three assistants to the governor in what is seen as a final stroke to the planned management overhaul after Zhou Xiaochuan took the helm at the central bank at the end of 2002, the 21st Century Business Herald…