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  • November 27, 2014
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  1. Regulators tighten curbs to block hot money

    Posted Sep 05th 2008, 12:00am by Tom Miller

    ... Tom Miller in Beijing The mainland's foreign exchange regulator is tightening controls on currency settlements made by foreign-invested companies, the latest attempt to stem a tide of international speculative capital flowing into the country. The State Administration of Foreign Exchange will extend checks on companies' capital and monitor flows of domestic currency earned from ...

  2. ICBC warns hot money inflows a 'time bomb'

    Posted Jul 30th 2008, 12:00am by Tom Miller

    ... fears that a sudden outflow of foreign capital could put unmanageable stress on the mainland's currency regime. 'The several hundred billion US dollars of hot money [parked ... access to domestic currency for investment purposes, according to commodity traders. The ICBC reports said that investors were targeting the mainland's cheaper asset prices after the recent ...

  3. Mainland forex reserves rise least in 2 years

    Posted Jul 15th 2008, 12:00am by Tom Miller

    ... and US$40.3 billion respectively, significantly higher than official trade and investment inflows, heightening concern about the impact of currency speculation on the economy. Beijing launched ... of the deposits in the banking system were forced to pay for these reserve requirement rises in foreign currency, which likely reduced headline foreign exchange reserve levels by US$40 billion to US$45 ...

  4. Games push Mao off note

    Posted Jul 08th 2008, 12:00am by Tom Miller

    ... fathers of the People's Republic together with Zhou Enlai, Liu Shaoqi and Zhu De. But Mao's portrait later became the defining image of the national currency. ...

  5. Beijing vows helping hand for exporters hit by strong yuan

    Posted Jul 23rd 2008, 12:00am by Tom Miller

    ... tighter credit conditions and a stronger domestic currency. But he said the official policy of discouraging exports of highly polluting and energy-intensive products remained in place, while ...

  6. BOC profit stung by global exposure

    Posted Aug 29th 2008, 12:00am by Tom Miller

    ... per cent off BOC's earnings next year. Mr Li blamed the bank's relatively slow profit growth on its heavy overseas exposure as US rate cuts squeezed foreign currency spreads ...

  7. JP Morgan upbeat on mainland banks

    Posted Jul 09th 2008, 12:00am by Tom Miller

    ... on corporate borrowers already reeling from currency appreciation, slowing global demand and wage inflation. Higher interest rates would make it much tougher for borrowers to repay loans, potentially ...

  8. World Bank urges yuan, rate rises

    Posted Jun 20th 2008, 12:00am by Tom Miller

    ... trade-weighted basis, the yuan has strengthened by less than 10 per cent against a basket of currencies since it was depegged against the US dollar in July 2005- about half the pace of its appreciation ...

  9. Labour pains

    Posted Mar 31st 2006, 12:00am by Tom Miller

    ... Mainland companies face increasing pressure from government officials and foreign firms to support their workers and communities, writes Tom Miller Last year, it was the 'bra wars'. This year, we have a skirmish over shoes. Aside from manipulating an undervalued currency, argue the protectionists in Brussels and on Capitol Hill, China gains an unfair trade advantage ...

  10. Great leap outward

    Posted Nov 07th 2005, 12:00am by Tom Miller

    ... and to limit the outflow of foreign currency. It's now much easier to obtain a private tourist passport than it was a few years ago, but the government continues to restrict outward tourism ...



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