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  • August 23, 2014
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  1. Business - Economy - ECONOMY

    PBOC poised to widen trading band of yuan

    Posted Apr 19th 2013, 12:00am by JANE CAI

    ... the shaky economic recovery and rising inflows of capital. Yi Gang, deputy governor of the People's Bank of China (PBOC), said at an International Monetary Fund conference in Washington the widening of the trading band would come soon. The PBOC controls the yuan's movement by setting a daily rate at which it starts trading. Last April it doubled the trading band to 1 per cent ...

  2. Business

    PBOC does 90 bln yuan reverse repos, drains 20 bln for week

    Posted Jan 05th 2013, 11:02am by Reuters in Shanghai

    ... Reuters in Shanghai China’s central bank will inject 90 billion yuan (HK$110 billion) into money markets through reverse bond repurchase agreements on Saturday, traders said, meaning it will drain a net 20 billion yuan from the market this week. The People’s Bank of China (PBOC) will make the injection of 90 billion yuan through five-day reverse repos. The central bank delayed its ...

  3. Business - Economy - ECONOMY

    Slowdown is nothing to fret over, says PBOC chief

    Posted Apr 22nd 2013, 12:00am by Bloomberg

    ... Bloomberg in Washington Slowdown is nothing to fret over, says PBOC chief China's slower expansion in the first quarter was "normal" as the world's second-largest economy sacrifices growth to make structural reforms, People's Bank of China governor Zhou Xiaochuan said in the US at the weekend. While a "mild" slowdown in the global economy did ...

  4. Business - Economy - ECONOMY

    People's Bank of China sounds alarm over inflationary pressures

    Posted Feb 07th 2013, 10:59am by Daniel Ren, Sean Kennedy

    ... Daniel Ren in Shanghai and Sean Kennedy Monetary easing abroad may put extra inflationary pressure on a recovering mainland economy, the People's Bank of China warns Inflation likely to cast a pall over China in 2013 The mainland economy, already sho ...

  5. Business - China Business - ECONOMY

    China bankers expect monetary easing to foster growth: survey

    Posted Dec 19th 2012, 12:00am by Kwong Man-ki

    ... by the People's Bank of China showed yesterday. According to the survey, conducted by the PBOC and the National Bureau of Statistics on bankers nationwide in the present quarter, 19.8 per cent ... believe an interest rate cut is unlikely because of concerns over inflation. Consumer prices were widely expected to rise in the first quarter of 2013, another PBOC survey, which interviewed ...

  6. News - China - MONETARY POLICIES

    China monetary tightening pressure eases off

    Posted Mar 03rd 2013, 12:00am by BLOOM

    ... Bloomberg in Beijing and Shanghai Inflation to slow this month as food prices not rising as fast, says PBOC adviser Monetary tightening pressure eases off Pressure on Beijing to tighten monetary policy and macroeconomic controls is easing as inflation will be "relatively low" this month due to slowing food-price gains, central bank adviser Song Guoqing said yesterday. ...

  7. Business - Economy - CURRENCIES

    Yuan and Australian dollar to start direct trading

    Posted Apr 09th 2013, 12:00am by Bloomberg

    ... (HK$78.1 billion). China took about a third of Australia's exports that month and is the major customer for iron ore and coal. The PBOC sets a daily reference rate for the yuan against ...

  8. Business - Economy - INTEREST RATES

    China's new leaders likely to loosen interest-rate controls

    Posted Mar 14th 2013, 12:00am by BLOOM

    ... or removal of the lending-rate floor, according to the survey conducted from February 28 to March 5. Five said the PBOC is likely to make a market-based interest rate, such as a repurchase rate, ...

  9. News - China - FINANCE

    More convertible yuan next goal, China's central bank chief says

    Posted Nov 18th 2012, 12:00am by BLOOM

    ... Bloomberg in Beijing Zhou Xiaochuan underscores pledge to promote freer movement of capital in and out of China More convertible yuan next goal, says PBOC head The People's Bank of China's next step in the overhaul of the exchange-rate system would focus on convertibility, governor Zhou Xiaochuan said yesterday, as his omission from a top Communist Party committee fuelled ...

  10. Business - China Business - ECONOMY

    Factory surge drives index to 19-month high

    Posted Jan 01st 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com Manufacturing expansion indicates economy on the mend, PBOC chief hints policies to continue Factory surge drives index to 19-month high The mainland's economic recovery seems to be gathering speed as manufacturing grew in December at its fastest pace in 19 months thanks to Beijing's stable economic policies, which are likely ...



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