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  • July 11, 2014
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  1. Yuan exchange cap will stay in place, PBOC says

    Posted Jul 01st 2012, 12:00am

    ... and Singapore. Hu said, however, said the PBOC may soon allow non-Hong Kong residents to open accounts for trading yuan in the city, a move local bankers see as a boon for business. Hu detailed ... yuan a month, which is a lot, and many people do not exchange that much,' Hu said. 'As such, the PBOC at present has no plan to lift the cap, though we will review it in the long ...

  2. PBOC move to tighten lending hits bank stocks

    Posted May 04th 2010, 12:00am by Amanda Lee

    ... Amanda Lee The Hang Seng Index fell 1.41 per cent yesterday after the People's Bank of China moved to curb lending by raising the ratio of deposits banks must set aside as reserves for the third time in less than four months. Shares of HSBC Holdings ...

  3. PBOC sets demanding terms on yuan trades

    Posted Jul 04th 2009, 12:00am by Denise Tsang

    ... Natalie Chiu and Denise Tsang The mainland central bank announced a set of stringent conditions with many restrictions for implementing cross-border trade settlements in yuan last night, in a move to limit the scale of business at its early stage. The muc ...

  4. Foreign banks affected in latest PBOC measure

    Posted Dec 28th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu Loan growth limit cut to 12 per cent China has once again tightened bank lending to cool an overheated economy and for the first time has widened its restrictions to include foreign banks, mainland banking officials said yesterday. Beijing wa ...

  5. PBOC looks at yuan services

    Posted Oct 01st 2005, 12:00am by Staff Reporter

    ... Maria Chan People's Bank of China governor Zhou Xiaochuan says the central bank has been studying the possible expansion of yuan services offered by Hong Kong banks. 'The implementation of yuan services in Hong Kong has been smooth since its int ...

  6. Yuan Deposits

    Posted Jul 25th 2004, 12:00am by Chris Oliver

    ... of China (PBoC) is a prime beneficiary of the yuan clearing, controlling an estimated 80 per cent of the market. However, the combined contribution to earnings from net interest and clearing fees ... the contribution to earnings should turn positive as liberalisation by the PBoC increases the type of yuan business permissible. The brokerage says the largest benefit to Hong Kong banks would come from ...

  7. Mainland may unload shares in state banks

    Posted Sep 01st 2004, 12:00am by Staff Reporter

    ... Andrew K. Collier in Beijing Remarks by PBOC official could signal a major change in privatisation policy The mainland may sell its shares in two state-owned banks in what would ... of the financial stability department of the People's Bank of China (PBOC). In comments to the Beijing Financial Association quoted in local media, Mr Xie said shares held by Central Huijin, ...

  8. Massive bailout proposed for banks

    Posted Aug 26th 2003, 12:00am by Christine Chan

    ... the financial system. According to a source close to both the People's Bank of China (PBOC) and Ministry of Finance, which drafted the proposals, the recapitalisation plan aims to reduce ... said that senior Ministry of Finance and PBOC officials want the Big Four - the Agricultural Bank of China, Bank of China, China Construction Bank and Industrial and Commercial Bank of China ...

  9. Lai See

    Posted Apr 27th 2006, 12:00am by Ben Kwok

    ... on the door of [PBOC governor] Zhou Xiaochuan and knocking on the door of [China Banking Regulatory Commission chairman] Liu Mingkang. And you guys were playing golf. You missed a trick. 'You must be alert and acquaint yourself with what is happening on the mainland, what is being published by PBOC and make sure you are the first movers leveraging your [Closer Economic Partnership ...

  10. CSCI inks HK$63b of likely tenders

    Posted Sep 22nd 2011, 12:00am

    ... financing projects. A JPMorgan report said: 'The guidelines related to affordable housing loans issued recently by PBOC [People's Bank of China] are likely to accelerate the growth in new ...




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