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  1. PBOC adviser calls for brake on credit growth

    Posted Nov 26th 2010, 12:00am by Staff Reporter

    ... of the People's Bank of China (PBOC), in Shanghai yesterday. 'A 15 per cent credit growth rate could keep the economy expanding steadily and alleviate the excessive liquidity,' Xia said. Growth ... by a rebound in new loans,' Hu said, with banks on track to overshoot the target after they lent 6.88 trillion yuan in the first 10 months alone. She underlined that the PBOC would use both ...

  2. PBOC raises banks' reserve ratio further

    Posted Nov 20th 2010, 12:00am by Staff Reporter

    ... this month will be 5 per cent higher than a year ago. 'The PBOC is under pressure, and it needs to do something to show its determination to tame inflation,' said Lu Ting, a Bank of America ... of the PBOC.' The reserve requirement ratio is the percentage of total deposits that a bank locks up and cannot lend. A higher reserve ratio helps soak up capital to stop it from sloshing around ...

  3. PBOC warns of US policy's global impact

    Posted Nov 06th 2010, 12:00am by Celine Sun

    ... Jane Cai and Celine Sun in Beijing The Federal Reserve's move to inject money into the US economy may suit the United States, but it will have side effects for the global economy, China's central bank governor warned yesterday. Zhou Xiaochuan, h ...

  4. Caution over land sales after PBOC move

    Posted Oct 21st 2010, 12:00am by Peggy Sito, Sandy Li

    ... Sandy Li and Peggy Sito Mainland developers turned cautious on land buying following the central bank's decision to raise interest rates, with eight out of 12 sites in Shanghai sold at their reserve prices yesterday. Despite the sombre mood, the sale ...

  5. PBOC sets yuan parity rate at 5-year high

    Posted Jun 23rd 2010, 12:00am by Staff Reporter

    ... yesterday. 'However, the yuan weakened after the strong opening, showing divided market views,' he said. The PBOC said it would revert to using a basket of currencies to fix the yuan rate. ...

  6. PBOC mulls end to interest rate ceiling, licensing pawn shops

    Posted Feb 26th 2010, 12:00am by Enoch Yiu

    ... more lending to small enterprises. Zhou Xuedong, the director-general of the PBOC's legal department, told a forum in Beijing yesterday that the central bank was examining the changes as part of an update of its lending regulations, Reuters reported in Beijing. These regulatory changes will need approval from both the PBOC and the State Council. No timeframe was set. ...

  7. Rate rises forecast by PBOC adviser

    Posted May 13th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Higher interest rate jitters hit the mainland yesterday after a central bank adviser warned inflation pressure meant conditions were ripe for higher lending costs. An interest rate rise would stabilise depositors' inflation expectations, Li Daokui, a monetary policy committee member of the People's Bank of China (PBOC) was quoted by the China Business ...

  8. PBOC move may end era of cheap funding

    Posted Jan 14th 2010, 12:00am by Cary Huang

    ... PBOC's intention to be less accommodative; it creates a squeeze on risky assets, while not affecting overall credit to the real economy.' China began reducing bank reserve requirements ... financial crisis. Now, along with raising the reserve ratio, the PBOC has increased rates at bill auctions in the past week. The bank guided three-month bill yields higher for the first time in 19 ...

  9. PBOC raises reserve ratio to cool lending

    Posted May 03rd 2010, 12:00am by Eric Ng

    ... billion yuan worth of funds from the money market two weeks ago. The PBOC last raised the reserve ratio requirement in mid-February, on the eve of the Lunar New Year holiday, also a surprise ...

  10. PBOC move to tighten lending hits bank stocks

    Posted May 04th 2010, 12:00am by Amanda Lee

    ... Amanda Lee The Hang Seng Index fell 1.41 per cent yesterday after the People's Bank of China moved to curb lending by raising the ratio of deposits banks must set aside as reserves for the third time in less than four months. Shares of HSBC Holdings ...




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