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  • August 30, 2014
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  1. Property outlook brightens on PBOC cut

    Posted Jul 07th 2012, 12:00am

    ... that June sales rose 35 per cent month on month from May to 4.54 billion yuan. The PBOC said it was cutting the one-year lending rate by 31 basis points to 6 per cent and the one-year deposit rate ... despite the PBOC's warning. 'In the short term, the housing market will benefit, with both prices and sales rising,' Credit Suisse property analyst Du Jinsong said. Surging house ...

  2. A small, inequitable opening of the mainland's capital account

    Posted Aug 31st 2010, 12:00am by Jake Van Der Kamp

    ... and bond issues. About a quarter of all financial institution deposits are required for this purpose. But it doesn't make the PBOC any healthier. Beijing cannot entirely resist foreign pressure for a stronger currency and every time it gives in and lets the yuan rise against the US dollar, it makes the PBOC's balance sheet a little weaker. It does so because, as the yuan ...

  3. Rate cut reflects economic task ahead

    Posted Jul 07th 2012, 12:00am

    ... economists say. The PBOC may be even more aggressive in cutting the reserve requirement ratio two or three times more before the end of the year, says Hu Yifan, chief economist for Haitong Securities ... minutes before the close, while the Dow Jones Industrial Average was down 1.25 per cent in late morning trade. Along with the PBOC, the European Central Bank on Thursday cut rates below 1 per cent ...

  4. Yuan to be made more flexible

    Posted Apr 15th 2012, 12:00am

    ... Securities in Hong Kong, said: 'Political pressure is one of the factors that led the PBOC to widen the trading band, as now China can claim it is moving forward to let the yuan be traded more ...

  5. Fears Capital is fleeing mainland

    Posted Nov 22nd 2011, 12:00am

    ... to 4 per cent next year. Standard Chartered Bank predicts the yuan to advance only 3.3 per cent next year. Li Daokui, an adviser to the PBOC, said last week the yuan could face depreciation ...

  6. Payment paradox prevents the yuan from going global

    Posted Feb 27th 2012, 12:00am

    ... Tom Holland Reformers at the People's Bank of China are pressing hard to advance the internationalisation of the yuan. Last Monday a paper published by the central bank called for China to price and pay for its oil imports in yuan. Then on Thursday PBOC researchers set out proposals for making the yuan fully convertible. But although internationalising the yuan makes good ...

  7. Regulators seek 'one-off' yuan appreciation

    Posted Dec 25th 2007, 12:00am by Staff Reporter

    ... July 2005. It has surged more than 6 per cent this year. Officials from the PBOC and SAFE contacted yesterday said they had not heard of the proposal and declined to make further comment. ...

  8. Beijing in a delicate fiscal balancing act

    Posted Mar 02nd 2009, 12:00am by Staff Reporter

    ... in the central bank's toolbox. On February 14, PBOC vice-governor Yi Gang said there was limited room to cut rates in the future and a zero interest rate policy was impossible for the country. ... economy'. The PBOC's interest rate cut going forward might be short of expectations, said Ha Jiming, an economist at China International Capital Corp. The investment house has lowered its ...

  9. Why a stronger yuan isn't the answer

    Posted Jul 10th 2006, 12:00am by Steven Xu

    ... and hedging instruments. Meanwhile, the State Administration of Foreign Exchange, a division of the PBOC, has significantly relaxed capital-outflow restrictions in an effort to promote a more flexible ...



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