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  1. PBOC behind decline in yuan, say analysts

    Posted Dec 02nd 2008, 12:00am by Staff Reporter

    ... into the mainland over the past several years is fleeing, deepening the slowdown,' he said. Mr Lin said the PBOC hoped to lower the yuan's value to boost exports, which had been hampered by the global financial crisis, to help drive economic growth. To fuel growth, the PBOC also slashed interest rates by 108 basis points last Thursday, the biggest in about a decade. President Hu Jintao ...

    http://www.scmp.com/article/662275/pboc-behind-decline-yuan-say-analysts
  2. PBOC chief promises flexible, prudent policy

    Posted Jan 01st 2009, 12:00am by Martin Zhou

    ... consecutive rate cuts. These culminated in a deep 108 basis point cut in November. 'The PBOC will continue to exercise the flexible and prudent monetary policy and improve the efficiency of our ... Bank. 'But, admittedly, the PBOC could have moved more swiftly, and there were [warning] signs... which went neglected in one way or another.' He said the success of the country's ...

    http://www.scmp.com/article/665431/pboc-chief-promises-flexible-prudent-policy
  3. PBOC makes biggest rate cut for a decade

    Posted Nov 27th 2008, 12:00am by Staff Reporter

    ... has been reduced by 100 basis points for the six big banks and by 200 basis points for smaller banks, effective from December 5. 'This is the PBOC's most aggressive move in a decade, ... for government infrastructure projects. China has a better prospect of averting an economic hard landing through these kinds of policies,' Mr Qu said. The PBOC said the move was aimed ...

    http://www.scmp.com/article/661681/pboc-makes-biggest-rate-cut-decade
  4. 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 ...

    http://www.scmp.com/article/655867/pboc-return-excess-reserves-banks-yuan-not-dollars
  5. PBOC funds access for HK lenders on mainland

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... on the mainland could approach the PBOC for collateralised lending if they could not get access to enough yuan liquidity. Mr Yam added that if lenders had no qualifiable assets on the mainland, they could use their assets in Hong Kong as collateral, and the HKMA could act as a custodian for the PBOC. 'This should help Hong Kong enterprises on the mainland to continue to obtain finance from ...

    http://www.scmp.com/article/661028/pboc-funds-access-hk-lenders-mainland
  6. PBOC lowers rates 27 basis points

    Posted Dec 23rd 2008, 12:00am by Cary Huang

    ... threat of deflation warranted monetary easing. Including the latest rate cut, the PBOC has pared its benchmark lending rate 2.16 percentage points from 7.47 per cent in mid-September, when ... inflation, running at a 12-year high in February, receded to 2.4 per cent last month. PBOC governor Zhou Xiaochuan said in Hong Kong last week that the trend was likely to continue, allowing more ...

    http://www.scmp.com/article/664722/pboc-lowers-rates-27-basis-points
  7. PBOC slashes rates, reserves of small banks

    Posted Sep 16th 2008, 12:00am by Cary Huang

    ... making it difficult to judge how investors will interpret the unexpected move. The PBOC said it would reduce its base lending rate by 27 basis points, lowering the cost of one-year bank loans ... in a statement posted on its website. The PBOC said the aim of the moves was to solve problems in the current economy and 'ensure steady, rapid and sustained development'. Lehman Brothers China ...

    http://www.scmp.com/article/652781/pboc-slashes-rates-reserves-small-banks
  8. PBOC cuts 'fine-tuning' of policy

    Posted Sep 19th 2008, 12:00am by Cary Huang

    ... as it sought to boost an economy threatened by a looming global financial crisis. The PBOC cut the base lending rate 27 basis points and kept the benchmark deposit rates unchanged. It also cut reserve ...

    http://www.scmp.com/article/653140/pboc-cuts-fine-tuning-policy
  9. PBOC may allow banks to make M&A loans

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

    ... Woods Lee in Beijing The People's Bank of China is considering plans to allow commercial banks to issue loans for mergers and acquisitions, the 21st Century Business Herald reported. The newspaper, citing sources, said the central bank and the industry watchdog, the China Banking Regulatory Commission, were each conducting their own feasibility studies. The press office of the PBOC ...

    http://www.scmp.com/article/651332/pboc-may-allow-banks-make-ma-loans
  10. Hot money inflow continues, PBOC data shows

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

    ... Zhaohui agreed the data suggested hot money must have been pouring into the mainland, perhaps explaining why the PBOC surprisingly released the data a month sooner. Jiangnan Securities research ...

    http://www.scmp.com/article/649658/hot-money-inflow-continues-pboc-data-shows

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