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  • September 23, 2014
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Results 1 - 8 of 8 for pboc

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  1. PBOC releases rules on cross-border yuan trades

    Posted Jul 03rd 2009, 12:00am by Denise Tsang

    ... and authorities in Shanghai and Guangdong would draft the list of qualified firms, the People's Bank of China said. The PBOC did not say how many companies will get the first approvals, but media ... to be a transition period.' Settlements of yuan-denominated transactions could be carried out at clearing banks in Hong Kong and Macau or experienced lenders on the mainland, the PBOC said. Exports ...

  2. Business - China Business - Internet finance

    Paper cuts sharpest, says Alibaba's Jack Ma

    Posted Mar 19th 2014, 12:00pm by George Chen

    ... when they shop on Taobao or other websites. The PBOC's move came after it decided last week to put on hold plans by Alibaba and Tencent to offer virtual credit cards. The directive came ...

  3. Business - Banking & Finance

    Regulation delay puts foreign banks in a spot in Shanghai free-trade zone

    Posted Jan 14th 2014, 08:51am by Jeanny Yu; George Chen

    ... We view it as a goodwill gesture by PBOC to assuage concerns of the lack of clarity on the regulatory scheme, but it is not enough," said Shanghai-based Joseph Chan, a partner with law ...

  4. Rising market tide is ideal for floats

    Posted Dec 05th 2011, 12:00am

    ... by the move by the People's Bank of China (PBOC) to lower banks' reserve ratio requirement by 50 basis points. A major cause of the generally poor performance of the Hong Kong and mainland ... of finance at the Guanghua School of Management at Peking University, said the PBOC rate cut and simultaneous reduction in US dollar swap rates by several other central banks would provide ...

  5. Deal signed on yuan settlement

    Posted Jun 30th 2009, 12:00am by Enoch Yiu

    ... card services since 2004 but have not been allowed to provide yuan lending. The PBOC and HKMA in January agreed on a 200 billion yuan currency swap agreement to bolster short-term local ... Hong Kong exporters and importers could settle trade with their designated mainland counterparts, but the scheme could only be implemented after the PBOC issued administrative guidelines. He ...

  6. Talking points

    Posted Mar 17th 2012, 12:00am

    ... Wen Jiabao's administration, in a three-day China Development Forum hosted in the capital by the China Development Research Foundation. Speakers include PBOC governor Zhou Xiaochuan, ...

  7. Beijing helps HK fight crisis

    Posted Dec 20th 2008, 12:00am by Staff Reporter

    ... dollars or US dollars. The People's Bank of China (PBOC) will also sign a currency swap arrangement with the Hong Kong Monetary Authority, a measure that will enable each side to help ... for the HKMA said the de facto central bank would work closely with the PBOC on the details and operational arrangements. A currency swap is an agreement to exchange one currency for another ...

  8. Let business take its natural course, Mr Tsang

    Posted Apr 30th 2006, 12:00am by Chris Yeung

    ... guys? You should have been working on the Easter weekend... knocking on the door of [PBOC governor] Zhou Xiaochuan.' While different in tone and mood, Mr Tsang has expressed a similar sense ...



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