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  1. In Brief

    Posted Oct 17th 2008, 12:00am by Staff Reporter

    ... announced on Tuesday was a temporary measure applied at a delicate time when confidence in the banking system was threatened by the global financial crisis. 'Prevention is better than ... risk, in our view, that the pendulum could stay at the extreme end of pessimism for longer, as the financial crisis in the west still has some ways to go,' the bank said. 'Given ...

    http://www.scmp.com/article/656622/brief
  2. Official calls for yuan convertibility

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

    ... but the subprime mortgage crisis has sparked fears of a weaker US dollar amid low interest rates. Ms Wu said it was difficult to find an alternative reserve currency but added that the yuan was ready ... Daniel Ren in Shanghai Former central bank executive says unit should be an international reserve currency Beijing should gear up preparations for the yuan's full convertibility, ...

    http://www.scmp.com/article/660843/official-calls-yuan-convertibility
  3. Yuan trading band tipped to widen but major devaluation ruled out

    Posted Dec 19th 2008, 12:00am by Staff Reporter

    ... not weaken the currency to stem the slide in exports as such a policy might trigger capital outflows. 'The exchange rate should continue to be stable, especially in a crisis,' Commerce ... Maria Chan and Jane Cai Beijing is unlikely to devalue the yuan significantly but could widen the daily trading band of the currency against the US dollar to increase flexibility ...

    http://www.scmp.com/article/664329/yuan-trading-band-tipped-widen-major-devaluation-ruled-out
  4. Property developers surge on support moves

    Posted Oct 21st 2008, 12:00am by Peggy Sito

    ... over the weekend to maintain economic growth in the fourth quarter to counter fallout from the global financial crisis. Beijing will increase export rebates for garments and textiles. ...

    http://www.scmp.com/article/657076/property-developers-surge-support-moves
  5. PBOC to return excess reserves to banks in yuan not dollars

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

    ... yesterday after the third-quarter monetary policy meeting that the mainland will learn from the crisis to improve banking regulation and supervision and maintain the stability of its financial ... are needed amid an 'unoptimistic international outlook'. Since August last year, the central bank had been asking major lenders to meet increased reserve requirements in foreign currencies ...

    http://www.scmp.com/article/655867/pboc-return-excess-reserves-banks-yuan-not-dollars
  6. Cuts to rates and taxes a boost for homebuyers

    Posted Oct 23rd 2008, 12:00am by Peggy Sito, Sandy Li

    ... of 593,000 square metres, down 59.2 per cent from the previous quarter. Confidence crisis Home prices rose last month at the slowest pace since July 2005 at: 3.5% ...

    http://www.scmp.com/article/657387/cuts-rates-and-taxes-boost-homebuyers
  7. StanChart says US action should stem crisis

    Posted Sep 19th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu Policy responses taken by the United States should prevent the financial crisis from turning into a meltdown, Standard Chartered economists said. Despite mounting turmoil ... this year, on October 29 and December 16. Standard Chartered said the People's Bank of China's rate cut this week indicated a shift which implies weaker Asian currencies ahead. ...

    http://www.scmp.com/article/653144/stanchart-says-us-action-should-stem-crisis
  8. Currency issue stays hot topic as talks loom

    Posted Dec 04th 2008, 12:00am by Staff Reporter

    ... Paulson highlighted the currency issue in a speech on Tuesday, breaking with his approach of limiting his comments on the dialogue to the need for China to open its financial market and spur domestic consumption. 'China has appreciated its currency over 20 per cent against the dollar since 2005... This is important and significant, but it is important that the process ...

    http://www.scmp.com/article/662429/currency-issue-stays-hot-topic-talks-loom
  9. 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 stabilise the other's currency if necessary. The individual visit scheme for mainlanders has also been freed up, although not by as much as expected. The measures, announced as Premier Wen ...

    http://www.scmp.com/article/664426/beijing-helps-hk-fight-crisis
  10. Threat of 1997 crisis looms over Asia again

    Posted Jul 07th 2008, 12:00am by Tom Holland

    ... 'I'm reasonably confident that nothing like the Asian currency crisis 10 years ago would happen in the region,' he was reported as saying. Mr Kuroda was trying to be reassuring. ... of foreign exchange reserves, most East Asian governments have got used to thinking themselves impregnably defended against a currency collapse caused by a balance of payments crisis. Until recently ...

    http://www.scmp.com/article/644346/threat-1997-crisis-looms-over-asia-again

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