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  • September 16, 2014
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  1. PBOC behind decline in yuan, say analysts

    Posted Dec 02nd 2008, 12:00am by Staff Reporter

    ... into the mainland over the past several years is fleeing, deepening the slowdown,' he said. Mr Lin said the PBOC hoped to lower the yuan's value to boost exports, which had been hampered by the global financial crisis, to help drive economic growth. To fuel growth, the PBOC also slashed interest rates by 108 basis points last Thursday, the biggest in about a decade. President Hu Jintao ...

  2. PBOC sells US dollars to increase liquidity

    Posted Dec 04th 2008, 12:00am by Staff Reporter

    ... Jane Cai Traders anticipate further yuan depreciation as exports flag The mainland's central bank sold US dollars in the foreign exchange market yesterday to boost liquidity after the value of the yuan tested the 0.5 per cent daily trading down limit ...

  3. 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 ...

  4. US won't sway yuan policy, says PBOC

    Posted Dec 12th 2006, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing China will greet this week's visit by a high-powered United States economic delegation very positively but the country will not allow its currency policy to be influenced by external pressure, the People's Bank of China (PBOC) said yesterday. 'We are preparing to respond very positively,' the central bank's governor, Zhou Xiaochuan, said ...

  5. PBOC considers forex reserves for banks

    Posted Oct 19th 2007, 12:00am by Staff Reporter

    ... Al Guo in Beijing The mainland's central bank may introduce a new policy requiring commercial banks to keep some foreign currency in their accounts to slow the rise in foreign-exchange lending. Exporters say the measure could help cool the mainland&# ...

  6. 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 ...

  7. Think of the daunting losses if mainland does fight inflation

    Posted Mar 15th 2011, 12:00am by Jake Van Der Kamp

    ... that commercial banks must now place with the People's Bank of China is 19 per cent of all deposits they take in. This really does make the PBOC appear to be swinging a big stick. Statutory reserves ... be a wonder if the PBOC kept the money out of circulation. But, of course, it does not. It uses the money to buy up the US dollars that flow in from China's big trade surplus. The money thus goes ...

  8. Yuan going down the Singapore road

    Posted May 16th 2008, 12:00am by Tom Holland

    ... Singapore too. In 1999 the People's Bank of China (PBOC) dispatched officials to visit the Monetary Authority of Singapore to find out whether its tightly-managed exchange rate regime would ... be implementing just such a regime. In its first-quarter monetary policy report released on Wednesday, the PBOC referred for the first time to the yuan's nominal effective exchange rate against ...

  9. Beijing warns of 'trade war' over US currency bill

    Posted Oct 05th 2011, 12:00am

    ... the People's Bank of China (PBOC), and the ministries of commerce and foreign affairs took simultaneous, co-ordinated action yesterday to express Beijing's strong opposition to the bill, aimed ... have the power to veto it. Passage of the legislation 'may lead to a trade war that we don't want to see', the PBOC said, while House Speaker John Boehner said the Senate ...

  10. 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 ...




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