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Results 1 - 10 of 14 for pboc

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  1. 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 ...

  2. 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 ...

  3. Rise in deposits mooted to cool property prices

    Posted May 12th 2006, 12:00am by Staff Reporter

    ... property prices. Quoting an anonymous banking source, the 21st Century Business Herald reported yesterday that the People's Bank of China (PBOC) was considering raising the minimum downpayment from 20 per cent of the price of a property to 50 per cent. 'It's known that the PBOC is planning to push through a policy requiring a downpayment of 50 per cent of total housing ...

  4. Tough talk just a screen for cheap way to rig yuan rate

    Posted Jan 18th 2008, 12:00am by Jake Van Der Kamp

    ... of the PBOC's balance sheet as of November. The biggest single item under assets is 12.2 trillion yuan in net foreign assets, which represents the nation's ballooning foreign reserves. Nothing else ... are not kept cold. The reason that the PBOC keeps upping the reserve ratio is to raise cheap money to sterilise the continuing US dollar inflow from the mainland's huge trade surplus, which ...

  5. Beijing to step up policy fine-tuning

    Posted Aug 06th 2012, 12:00am

    ... and growth ahead of a political transition. The People's Bank of China (PBOC) said it would expand the use of yuan in cross-border settlements, promote the interbank bond market, continue ... the development of the real economy,' the PBOC said on its website. Beijing has pledged to make growth and employment its top priorities for the second half of this year. It has separately cut ...

  6. How to crack interest rate rumours

    Posted May 31st 2004, 12:00am by Staff Reporter

    ... into what may be a confusing summer, two key facts should be kept in mind. First, modest inflation is desirable. The People's Bank of China (PBOC) appears to be targeting a consumer inflation rate of about 3 per cent, with 5 per cent as a likely trigger for interest rate rises. Second, rate increases are the last resort of policy. The PBOC, aided by the state planning agency, ...

  7. A testing ground for the yuan? Dream on, Hong Kong

    Posted Aug 12th 2010, 12:00am by Jake Van Der Kamp

    ... Beijing insists that the yuan must strengthen only very slowly, if at all. Until a balance of payments occurs, however, the PBOC has the big job of finding enough yuan to mop up all ... the PBOC say to this? You get no prize for answering the question. The PBOC would put so quick a stop to it as to put the lie to there ever having been two systems in this one country. And yet ...

  8. Travelling a bumpy road

    Posted Aug 10th 2010, 12:00am by Staff Reporter

    ... Robert Gates Jun 19 PBOC decides to abandon the yuan's two-year-old peg to the dollar Jun 26 Obama invites Hu for a state visit at margins of the G20 summit in Toronto. Hu accepts Jul 23 ...

  9. Beijing may do well to heed call for moderation

    Posted May 08th 2011, 12:00am

    ... because Joe does have some worthwhile things to tell the PBOC from his long tenure as head of our monetary authority. I'm thinking in particular of the way he adjusted the Hong Kong ... surplus that is bringing in too much foreign currency. It is now also the inflow of speculative money betting on a continued appreciation of the yuan. The PBOC is in a fix here. Revaluation ...

  10. Europe goes cap in hand

    Posted Nov 03rd 2011, 12:00am

    ... executive of the European Financial Stability Facility (EFSF), was in Beijing for talks with the Ministry of Finance and the People's Bank of China (PBOC) about raising capital for the bailout ... Christine Lagarde, who promptly nominated Zhu Min, a former PBOC vice-governor, to be her deputy. 'I think you can say that the WTO accession more or less completes China's re-entry ...




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