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  1. Business - Banking & Finance

    Amid China market stand off, calls for a more transparent central bank

    Posted Jun 24th 2013, 10:59am by Reuters

    ... Reuters in Beijing PBOC let short-term interest rates spike to extraordinary levels over past week as it refused to inject funds into money markets China’s central bank rarely explains its ... (PBOC) let short-term interest rates spike to extraordinary levels this past week as it refused to inject funds into money markets. Some observers saw it as an attempt to force banks to stop ...

  2. Business - China Business - ECONOMY

    Cold winter pushes up mainland inflation

    Posted Jan 12th 2013, 12:00am by Victoria Ruan

    ... few quarters. Standard Chartered is more concerned, saying inflation might average 4 per cent this year and 5 per cent next year. "We think the PBOC will raise benchmark interest ...

  3. News - China - MONETARY POLICY

    China's central bank to focus on controlling risks in financial system

    Posted Dec 30th 2012, 12:00am by BLOOM

    ... after a quarterly meeting of its monetary policy panel reiterated the stance set out at a government work conference earlier this month. The PBOC's addition of "controlling risks" ... and stock sales. The wording "stable and appropriate growth" of aggregate financing in the PBOC statement differed from previous statements that referred to a "reasonable scale" ...

  4. Business - China Business - ECONOMY

    China bankers expect monetary easing to foster growth: survey

    Posted Dec 19th 2012, 12:00am by Kwong Man-ki

    ... by the People's Bank of China showed yesterday. According to the survey, conducted by the PBOC and the National Bureau of Statistics on bankers nationwide in the present quarter, 19.8 per cent ... believe an interest rate cut is unlikely because of concerns over inflation. Consumer prices were widely expected to rise in the first quarter of 2013, another PBOC survey, which interviewed ...

  5. Business - Banking & Finance - CHINA

    People's Bank of China to inject liquidity into market

    Posted Dec 13th 2012, 12:00am by KWONG MAN

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com PBOC forecast to cut bank reserves The mainland's central bank will ease its monetary policy next year, with the amount banks are expected to keep in reserve to be cut one or two times, the Bank of China forecast yesterday. BOC, the country's fourth-largest lender by market value, said in a report the People's Bank ...

  6. Business - Economy - ECONOMY

    Yuan loans down, recovery still on track

    Posted Dec 12th 2012, 12:00am by PHOENIX KWONG

    ... or 40 billion yuan, from a year earlier. But the figure was 3.5 per cent more than October's 505.2 billion yuan, the People's Bank of China (PBOC) said yesterday. Total bank lending ... October's 1.29 trillion yuan, the PBOC said. Corporate bond financing, which amounted to 181.7 billion yuan in November, accounted for about 16 per cent of total social financing, while new yuan ...

  7. Business - Banking & Finance - BANKING

    China's central bank policy seen steady despite drop in loans

    Posted Nov 13th 2012, 12:00am by KWONG MAN

    ... or 13.9 per cent, to 505.2 billion yuan from a year ago, the People's Bank of China (PBOC) said on its website yesterday. The new lending, which was the lowest in 13 months, missed the 590 ... financing, which includes sources of funding such as trust loans and bond and stock issuance, was 1.29 trillion yuan in October, up 63 per cent, or 503.8 billion yuan, from a year ago, PBOC said. ...

  8. Business - Banking & Finance - BANKING

    Inflation fears put check on more interest rate cuts

    Posted Aug 16th 2012, 12:00am by Victoria Ruan

    ... The People's Bank of China (PBoC) may not be too keen to cut interest rates further to combat slowing growth because the impact on demand is likely to be limited. There are also fresh concerns ... The PBoC also said rising labour costs and resources prices would add to inflation pressures. The worst drought in the United States in more than 50 years caused commodities to surge in price ...

  9. Soaring grain prices stoke inflation fears

    Posted Jul 27th 2012, 12:00am

    ... in the fourth quarter and 4.2 per cent next year... We believe the central bank will not cut rates further in the second half.' But other economists expect the People's Bank of China (PBOC), the central bank, will cut rates one or two more times this year after economic growth slowed to 7.6 per cent in the second quarter, the lowest in three years. The PBOC recently cut interest rates ...

  10. Banks boost economies

    Posted Jul 17th 2012, 12:00am

    ... are a positive development for the global economy and risk assets. The People's Bank of China (PBOC) moved swiftly and unexpectedly to lower benchmark interest rates for the second time in a month. ... to 30 per cent from 20 per cent to encourage more lending. The PBOC's moves coincided with an announcement by the Bank of England (BoE) that it was adding GBP50 billion (HK$601 billion) ...




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