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Results 1 - 10 of 12 for guo shuqing

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  1. SAFE issues warning over short-term debt

    Posted Aug 03rd 2004, 12:00am by Elaine Chan

    ... Elaine Chan Guo Shuqing says forex loans exceed international standards The mainland's top foreign exchange official has sounded the alarm over the rapid growth of the country's short-term foreign debt, as Beijing tries to control the flow of hot money into the domestic financial system. State Administration of Foreign Exchange (SAFE) chief Guo Shuqing warned in Beijing ...

  2. Official hints at US$2b foray by mainland pension fund

    Posted Mar 08th 2004, 12:00am by Christine Chan

    ... Security Fund may be allowed to make its way to the Hong Kong stock market. Guo Shuqing, head of the State Administration of Foreign Exchange, said he did not see a problem giving the fund approval ... would allow mainlanders to invest in overseas capital markets, Mr Guo said. China was taking steps to relax controls on its still-closed capital account to allow for easier fund flows in and out ...

  3. Beijing 'will not budge' on yuan this year

    Posted Mar 01st 2004, 12:00am by Wang Xiangwei

    ... by Guo Shuqing, head of the State Administration of Foreign Exchange, the official administrator of the ballooning foreign exchange, which rose to a record US$416 billion by the end of January. Mr Guo said in a speech released on Thursday that speculative funds were putting pressure on the financial system. It is the first time a top foreign exchange official has acknowledged ...

  4. Beijing sets timetable for full convertibility

    Posted Mar 07th 2004, 12:00am by Christine Chan

    ... China's currency fully convertible. The comments by Guo Shuqing, head of the State Administration of Foreign Exchange, mark the first time a timetable has been outlined for the currency's ... of currency convertibility on the capital account is accelerating,' Mr Guo said in Beijing. 'If everything goes smoothly, I hope the yuan will become basically convertible for most capital ...

  5. 'No plans' for higher interest rates, says central bank chief

    Posted Mar 06th 2004, 12:00am by Christine Chan

    ... smaller banks compete, and indirectly lower the costs of capital and business, Mr Liu said. Meanwhile, Guo Shuqing, head of the State Administration of Foreign Exchange (Safe), said the government ... earned in China. Allowing international organisations to issue yuan-denominated debts on the mainland was also being considered. Mr Guo said Safe had received applications from several interested ...

  6. Foreigners get nod for stakes in key lenders

    Posted Mar 08th 2004, 12:00am by Christine Chan

    ... lenders. However, the government would probably retain majority control of both banks for the foreseeable future, said Guo Shuqing, head of the State Administration of Foreign Exchange (SAFE), ... banks' capable of competing in the marketplace, Mr Guo said. No targets had been set for Huijin's sale of its stakes in the banks and it was willing to sell more stock as long ...

  7. Black market 'is keeping economy revving'

    Posted Oct 08th 2004, 12:00am by Staff Reporter

    ... the greenback. He pointed out that Beijing had changed the tone of its statements on the issue. Guo Shuqing, director of the State Administration of Foreign Exchange, has recently said currency ...

  8. The moneyed masses find ways to spend

    Posted Apr 07th 2004, 12:00am by Mark O'Neill

    ... in the Hong Kong market. Under QDII, an individual would not be able to buy a stock directly but would invest in a fund that would buy it on his behalf. In March, SAFE director Guo Shuqing said QDII should be approved this year but he gave no indication of the funds likely to be released. However, industry sources say Mr Guo is too optimistic. They say that the only institutions to be given ...

  9. The tide on revaluation is now in ebb

    Posted Mar 11th 2004, 12:00am by Jake Van Der Kamp

    ... only so far when arrayed against market forces and only a few days earlier the mainland's top foreign exchange regulator, Guo Shuqing, said Beijing aimed to lift most capital controls within five to six years. Those capital controls have become increasingly porous anyway and there has to be a risk that events will overtake Mr Guo. The talk of the need for revaluation certainly ...

  10. Bank on politics to shape growth policy

    Posted Apr 06th 2004, 12:00am by Staff Reporter

    ... including the bailout engineered with the help of Guo Shuqing at the State Administration of Foreign Exchange- indicated substantial backing from Premier Wen Jiabao. However, there is the potential ...




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