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  1. P.B.O.C. expected to ease its reserve requirement

    Posted Nov 24th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The People's Bank of China (PBOC) is expected to cut the required reserve ratio (RRR) for five rural credit co-operatives in Zhejiang province ... Reserve ratios for the biggest mainland banks are cuurently at a historic high of 21.5 per cent, as the PBOC tightened its monetary policies to rein in soaring inflation this year. The consumer ...

  2. PBOC move signals start of a new easing cycle

    Posted Dec 02nd 2011, 12:00am

    ... with the decision to allow banks to lend more abruptly reversing a two-year campaign to cool overheated expansion and surging inflation. The People's Bank of China (PBOC) announced a 50-basis-point cut ... monetary policy'. The PBOC's move came just hours ahead of co-ordinated action by major central banks, including the United States Federal Reserve and the European Central Bank, to ease ...

  3. PBOC official leaked secrets 'out of vanity'

    Posted Nov 29th 2011, 12:00am

    ... Ed Zhang in Beijing ed.zhang@scmp.com Despite speculation that 'big money' had been behind leaks of classified economic data by two central government officials now in jail, media reported yesterday that court documents did not mention any ' ...

  4. Prices ease but PBOC aim stays on inflation

    Posted Sep 13th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com The nation's central bank says inflation is still too high despite a slight fall in the consumer price index (CPI) last month, and that cooling prices will continue to be its top priority. In a statement on i ...

  5. PBoC move suggests Beijing still cautious

    Posted May 14th 2011, 12:00am

    ... inflation as it tried to cool prices without choking off growth. Action by PBoC came one day after the National Bureau of Statistics reported a 5.3 per cent rise in the consumer price index ... basis points. The US reserve requirement for banks is 10 per cent. The PBoC raised interest rates twice this year and four times since last year, each a 0.25-percentage-point boost. Most ...

  6. Fed rates pledge spurs PBOC to boost yuan rate against dollar

    Posted Aug 12th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The yuan yesterday strengthened beyond 6.40 to the US dollar for the first time since 1993, bolstered by the United States Federal Reserve's vow to keep interest rates at a record low. The People's Bank of ...

  7. PBOC chief says inflation will push up interest rates

    Posted Mar 12th 2011, 12:00am by Cary Huang

    ... there was now less room for such moves. 'The PBOC might choose other more flexible tools such as bills to drain liquidity,' he said. Zhou rejected suggestions that the government would make ...

  8. Public money? There're strings attached

    Posted Dec 06th 2011, 12:00am

    ... of payments works by the same rules in China as it does in the rest of the world. But we won't go into that here. What concerns us at the moment is that the PBOC's foreign assets are one and the same thing as China's foreign reserves. Except in this case, mysteriously, they are not. The first chart tells the story. The red line on top represents the PBOC foreign assets as stated ...

  9. Beijing weaves tangled web of yuan deceit

    Posted Apr 19th 2011, 12:00am

    ... The chart also shows that historically the PBOC has used the interest rate it charges on loans to financial institutions as a way of resisting inflation but always belatedly and never very ... that the PBOC is trying a monetary experiment here, making the statutory reserve the primary short-term tool of monetary control and abandoning interest rate measures or consigning them to a far less ...

  10. Confusion over start to offshore yuan scheme

    Posted Aug 03rd 2011, 12:00am

    ... of China (PBOC) had stopped approving offshore yuan borrowing by domestic companies in compliance with Beijing's monetary tightening measures. But PBOC and the Hong Kong Monetary Authority ... director of a monetary policy department at the PBOC, who told a finance forum in Shanghai in May that the central bank would review applications for offshore yuan borrowing 'case ...




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