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  1. PBOC raises reserve ratio to further curb growth

    Posted Apr 12th 2004, 12:00am by Staff Reporter

    ... Bei Hu More financial institutions will be subject to a higher deposit reserve ratio later this month as China's central bank tries to tighten monetary policy and curb investment growth. The ratio adjustment, effective April 25, will reduce mainland financial institutions' usable funds by 110 billion yuan, the People's Bank of China (PBOC) said yesterday. ...

  2. PBOC considers deposit insurance

    Posted Feb 11th 2004, 12:00am by Staff Reporter

    ... Allen T. Cheng in Beijing The US model will be hard to follow in China due to the size of state holdings The People's Bank of China (PBOC) is considering the establishment of a deposit insurance scheme similar to that run by the Federal Deposit Insurance Corp (FDIC) in the United States, according to reports. While such a move has been mooted in the media before ...

  3. PBOC boosts yuan's rate appeal

    Posted Feb 03rd 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu Central bank offers 0.99pc interest to Hong Kong's clearing lender Yuan deposits became more attractive to Hong Kong bank customers yesterday after the People's Bank of China said it would offer an annual interest rate of 0.99 per cent ...

  4. PBOC tests national credit database

    Posted Oct 22nd 2004, 12:00am by Staff Reporter

    ... credit Andrew K. Collier in Beijing Boon expected for economy by unleashing private spending through use of cards and consumer loans The People's Bank of China (PBOC) will soon launch ... 'Someone's got to take the lead.' The database could mark a significant step in the development of a consumer credit. The PBOC is collecting data from banks across the mainland and will begin ...

  5. PBOC to finance more loan disposals

    Posted Jun 24th 2004, 12:00am by Staff Reporter

    ... of this year. The proceeds from these auctions will be used to pay back the PBOC. 'From the bids the asset managers submitted, it's almost certain Cinda's actual recovery rate would fall below 50 per cent,' a mainland industry source said. He said the government eventually would bear the loss should Cinda fail to generate enough cash. 'This is just another way of PBOC ...

  6. PBOC move designed to pull in bank deposits, not rein in economic growth

    Posted Nov 02nd 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai When the People's Bank of China raised interest rates last Thursday evening, global stock markets tumbled after investors concluded that the central bank still saw overheating as out of control and needed to step on the ...

  7. PBOC may delay rate rise until year's end

    Posted Sep 17th 2004, 12:00am by Staff Reporter

    ... Shi Ting Sources say bank fears a crash-landing for economy if forceful measures taken The central bank is leaning towards holding off an interest rate rise until the end of the year despite intense speculation such an increase is imminent, sources close ...

  8. PBOC warns of falling investment in sector

    Posted Aug 11th 2004, 12:00am by Elaine Chan

    ... Elaine Chan China's central bank has urged the government to pay 'high-level' attention to property price rises in the coming months as lending curbs on developers slows new supply. The warning came as new investments in the sector slowed a ...

  9. Foreign banks set to share credit data

    Posted Mar 12th 2004, 12:00am by Staff Reporter

    ... to a top People's Bank of China official. At a credit conference in Seoul, PBOC credit information systems bureau deputy director-general Wan Cunzhi said it was expanding positive credit ... to join us they can, of course, do so. But they will have to start their yuan business first.' Mr Wan said the PBOC expected the system, at present undergoing trials in the form of Shanghai ...

  10. Central bank sets two key targets for calming economy

    Posted Feb 12th 2004, 12:00am by Staff Reporter

    ... the exchange rate prevented the PBOC from maintaining strict control over the economy. 'Without a removal of the straitjacket imposed by an undervalued exchange rate, we believe it will be extremely difficult for the PBOC to engineer a genuine monetary tightening cycle,' she said. She noted that the PBOC announced a 16 per cent M2 growth target at the beginning of last year, only ...




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