• Friday
  • October 3, 2014
  • Last updated: 1:31am
Hong Kong




Search Results

Results 1 - 10 of 221 for pboc

Related topics matching your search

Search results

  1. Property outlook brightens on PBOC cut

    Posted Jul 07th 2012, 12:00am

    ... that June sales rose 35 per cent month on month from May to 4.54 billion yuan. The PBOC said it was cutting the one-year lending rate by 31 basis points to 6 per cent and the one-year deposit rate ... despite the PBOC's warning. 'In the short term, the housing market will benefit, with both prices and sales rising,' Credit Suisse property analyst Du Jinsong said. Surging house ...

  2. Yuan exchange cap will stay in place, PBOC says

    Posted Jul 01st 2012, 12:00am

    ... and Singapore. Hu said, however, said the PBOC may soon allow non-Hong Kong residents to open accounts for trading yuan in the city, a move local bankers see as a boon for business. Hu detailed ... yuan a month, which is a lot, and many people do not exchange that much,' Hu said. 'As such, the PBOC at present has no plan to lift the cap, though we will review it in the long ...

  3. P.B.O.C. expected to ease its reserve requirement

    Posted Nov 24th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The People's Bank of China (PBOC) is expected to cut the required reserve ratio (RRR) for five rural credit co-operatives in Zhejiang province ... Reserve ratios for the biggest mainland banks are cuurently at a historic high of 21.5 per cent, as the PBOC tightened its monetary policies to rein in soaring inflation this year. The consumer ...

  4. PBOC move signals start of a new easing cycle

    Posted Dec 02nd 2011, 12:00am

    ... with the decision to allow banks to lend more abruptly reversing a two-year campaign to cool overheated expansion and surging inflation. The People's Bank of China (PBOC) announced a 50-basis-point cut ... monetary policy'. The PBOC's move came just hours ahead of co-ordinated action by major central banks, including the United States Federal Reserve and the European Central Bank, to ease ...

  5. Prices ease but PBOC aim stays on inflation

    Posted Sep 13th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com The nation's central bank says inflation is still too high despite a slight fall in the consumer price index (CPI) last month, and that cooling prices will continue to be its top priority. In a statement on i ...

  6. PBoC move suggests Beijing still cautious

    Posted May 14th 2011, 12:00am

    ... inflation as it tried to cool prices without choking off growth. Action by PBoC came one day after the National Bureau of Statistics reported a 5.3 per cent rise in the consumer price index ... basis points. The US reserve requirement for banks is 10 per cent. The PBoC raised interest rates twice this year and four times since last year, each a 0.25-percentage-point boost. Most ...

  7. Fed rates pledge spurs PBOC to boost yuan rate against dollar

    Posted Aug 12th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The yuan yesterday strengthened beyond 6.40 to the US dollar for the first time since 1993, bolstered by the United States Federal Reserve's vow to keep interest rates at a record low. The People's Bank of ...

  8. Public money? There're strings attached

    Posted Dec 06th 2011, 12:00am

    ... of payments works by the same rules in China as it does in the rest of the world. But we won't go into that here. What concerns us at the moment is that the PBOC's foreign assets are one and the same thing as China's foreign reserves. Except in this case, mysteriously, they are not. The first chart tells the story. The red line on top represents the PBOC foreign assets as stated ...

  9. PBOC chief sees room for rate rises but points to constraints

    Posted Mar 07th 2008, 12:00am by Cary Huang

    ... a gap between the mainland and the world's largest economy and this was something the PBOC must take into consideration as it pondered further adjustments. The central bank also had ... adjustment,' he said. The PBOC last year raised rates six times to slow runaway growth and control inflation, which now stands at its highest in more than a decade. World Bank chief ...

  10. PBOC pledges 'moderate' tightening

    Posted Oct 30th 2007, 12:00am by Cary Huang

    ... will] appropriately enhance the degree in adjustments and controls and maintain reasonable growth in credit to achieve sustainable growth,' Mr Zhou said. PBOC vice-governor Su Ning said ... of tools. PBOC assistant governor Yi Gang told a financial forum that the central bank would continue to curb excess liquidity in the country's domestic markets. He said the scale of credit ...




SCMP.com Account