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  1. 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 ...

  2. 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. ...

  3. PBOC to return excess reserves to banks in yuan not dollars

    Posted Oct 11th 2008, 12:00am by Staff Reporter

    ... at the end of August. 'Our bank has received a document from the PBOC saying that the money will be paid in yuan,' a source with one of the biggest lenders said. PBOC officials said ... in a bid to slow the rise in the country's official foreign reserves. The PBOC invested the dollar-denominated required reserves, which showed up on its balance sheet as foreign assets ...

  4. 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 ...

  5. 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 ...

  6. Business - Banking & Finance - CURRENCIES

    Direct yuan-A$ trade gets off to A$250m start

    Posted Apr 12th 2013, 12:00am by BLOOM

    ... Australian government figures show. The People's Bank of China (PBOC) announces a daily reference rate for the yuan against the Australian dollar at about 9.15am in Shanghai on each trading day, ... as of 5.57pm in Shanghai, according to Bloomberg data. The PBOC approved Australia and New Zealand Banking and Westpac Banking as market makers for the direct trading of the currencies, Gillard said ...

  7. Boost for HK as yuan trading hub

    Posted Jun 15th 2012, 12:00am

    ... as China's economic growth weakened, hit by slumping exports to Europe. Neither the HKMA nor the People's Bank of China (PBOC) would yesterday confirm any relaxation of measures. But HKMA executive director Carmen Chu said the authority had been negotiating with the PBOC on how to develop the yuan business, including a request from the Hong Kong Association of Banks to relax ...

  8. Traders short on proper yuan hedge

    Posted Feb 20th 2006, 12:00am by Staff Reporter

    ... while financial derivatives remained under-utilised though increasingly resorted to, the People's Bank of China (PBOC) noted. In July last year, Beijing allowed the yuan to appreciate ... derivatives [to hedge currency risks] rose by one percentage point year on year,' the PBOC report said, without specifying what portion of the respondents turned to such instruments. However, ...

  9. Yuan see-saws to record high against dollar

    Posted Jun 18th 2011, 12:00am

    ... the central bank is required to maintain- is allowed to expand or shrink by 0.5 per cent from the central parity rate set each day. The PBoC fixed the central parity rate at a record of 6.4716 yesterday, the biggest advance since January 14. Traders were upbeat about the yuan, saying the currency traded mostly on the strong side of the central parity rate yesterday. The PBoC may have ...

  10. Bank tipped to ease yuan's peg to U.S. dollar

    Posted Jun 08th 2011, 12:00am

    ... by the PBOC, up from 0.5 per cent now, the report predicts. That would mean the yuan could appreciate or depreciate against the US dollar by as much as 2 per cent on any given day. The report, however, ... on the strong side of the dollar-yuan band if the PBOC widens it in the short term. In the long term, though, such a change would help check speculation, curb hot money inflow and ease the foreign ...




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