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  • November 27, 2014
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    Posted May 02nd 2007, 12:00am by Staff Reporter

    ... per cent higher in the first quarter of 2007 than it was in the first quarter of 2006. Thus, its economy is growing at 11.1 per cent. People's Bank of China (PBOC): The PBOC has served ...

  2. Central bank squeezes liquidity again

    Posted Jan 06th 2007, 12:00am by Jamil Anderlini

    ... Jamil Anderlini in Beijing The People's Bank of China (PBOC) is raising banks' reserve requirements for the fourth time in seven months in an effort to remove excess liquidity ... The PBOC cited China's massive and growing trade surplus, the quickening pace of growth in banks' cash holdings and rising demand for loans as reasons for lifting the reserve requirement ...

  3. Hong Kong stock market as predictable as it is irrational

    Posted May 04th 2010, 12:00am by Tom Holland

    ... 2 per cent. This sort of thing happens every time the PBOC raises its reserve requirement ratio. By now, investors really should know better. Increases in the ratio have little, if any, effect ... institutions actually have lodged at the PBOC compared with the required level. At the end of December last year, mainland banks had excess reserves of 1.4 trillion yuan (HK$1.59 trillion), or about ...

  4. Investors overreacting to Beijing's tightening move

    Posted Jan 14th 2010, 12:00am by Tom Holland

    ... that the PBOC is edging towards tightening mode. As we warned last Friday, 'given the magnitude of last year's monetary expansion, the mainland authorities are deeply concerned about the level ... Between mid-2006 and mid-2007, the PBOC more than doubled reserve requirements. But as the chart shows, there was no discernible effect on new lending. In reality, the PBOC uses required reserves ...

  5. Beijing increases lenders' reserve ratio to 16pc

    Posted Apr 17th 2008, 12:00am by Staff Reporter

    ... showed that the credit tightening policy had not changed and was still tougher than the market had expected despite slower economic growth in the first quarter. Mr Lau forecast that the PBOC ... contributing to inflationary pressures on the mainland. Tighter control The move aims to boost regulation of liquidity in the banking system The PBOC is tipped to lift the reserve requirement ratio ...

  6. Interest rates, reserve levels raised in unison

    Posted May 19th 2007, 12:00am by Bill Savadove

    ... rates and reserve requirements. The announcement came as the trading band for the yuan was also widened. 'It is the first time that the PBOC imposed a set of tightening measures to address ...

  7. As the storm clouds darken, Beijing relaxes its policy

    Posted Nov 25th 2011, 12:00am

    ... Apparently the PBOC is explaining away the move by saying that it is merely relaxing penalties it imposed a year ago on the banks for not making enough loans to small rural businesses. If true, ...

  8. Bank stocks fall ahead of increase in reserve ratio

    Posted Apr 19th 2011, 12:00am

    ... governments and an assortment of inappropriate borrowers still have no problem borrowing.' In Hainan, where he was attending the Boao Forum for Asia, PBOC governor Zhou Xiaochuan said on Saturday ...

  9. City banks asked to make special deposits in new bid to curb lending

    Posted Oct 18th 2007, 12:00am by Staff Reporter

    ... This is the first time the PBOC is imposing special deposits on city commercial banks and some other credit co-operatives. The deposits will be made at the central bank. The central bank will pay ...



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