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  1. Business - Banking & Finance - REGULATION

    PBOC halts plans by Tencent, Alibaba for virtual credit cards

    Posted Mar 14th 2014, 02:39pm by Victoria Ruan and Sophie Yu

    ... Victoria Ruan in Beijing and Sophie Yu Central bank 'temporarily' suspends mobile internet payment products from Tencent and Alibaba due to customer security concerns PBOC halt ... Response (QR) codes offered by the two companies due to security concerns, Xinhua reported, citing a senior PBOC official. More policies will be implemented to perfect regulation ZHOU XIAOCHUAN, ...

  2. Business - Banking & Finance - BANKING

    PBOC clears way for asset securitisation

    Posted Jul 06th 2013, 12:00am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com PBOC clears way for asset securitisation Beijing pledged to further reform capital markets to help redistribute liquidity in the financial ... (PBOC) said yesterday it would push forward with plans to introduce credit asset securitisation into financial markets, which would help banks broaden their range of lending. Asset securitisation ...

  3. Business - Banking & Finance - CURRENCIES

    Shanghai official's vow on imminent freeing up of yuan a bone of contention

    Posted Mar 18th 2014, 08:22am by George Chen

    ... George Chen george.chen@scmp.com Response to Shanghai PBOC official's view that rules for capital account liberalisation in free port will be out within months highlights divisions ... "definitely come out in the first half of 2014, or even faster, we hope". The PBOC's Shanghai head office is the central bank's most important nerve centre after its main headquarters ...

  4. Business - Economy - CURRENCIES

    PBOC 'has scope to widen' yuan band

    Posted Mar 12th 2013, 12:00am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com Economist criticises People's Bank of China for not widening yuan's trading band earlier, but says it could easily be reformed this year PBOC ... was widened to 0.5 per cent against the US dollar in 2010 and doubled in width to 1 per cent in April last year. So as to prevent the yuan from appreciating outside the band, the PBOC has been forced ...

  5. Business - Banking & Finance - PEOPLE

    Zhou will step down as PBOC chief, report says

    Posted Feb 05th 2013, 12:00am by Bloomberg

    ... Bloomberg in Beijing Zhou will step down as PBOC chief, report says Mainland central bank governor Zhou Xiaochuan will step down from his position next month, the China Securities Journal ... the People's Bank of China. The newspaper is published by Xinhua. The report adds to signs that Zhou, 65, whose decade of service makes him the longest-tenured PBOC chief, will leave his post soon. ...

  6. Business - Banking & Finance - ECONOMY

    Beijing giving foreign economists the cold shoulder

    Posted Feb 18th 2014, 08:31am by George Chen

    ... the People's Bank of China discussed internally the idea of creating the position of "PBOC chief economist" to strengthen global monetary policy research for the central bank. The suggestion won support from PBOC governor Zhou Xiaochuan. Several chief economists at foreign and domestic banks were considered, including Ma Jun, a long-time chief China economist for Deutsche Bank. Ma ...

  7. Business - Banking & Finance - BANKING

    PBOC sounds warning over local government loans

    Posted Mar 14th 2013, 12:00am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com PBOC sounds warning over local government loans The risk banks face on loans to local governments' financing vehicles is a matter of great concern, the mainland's central bank warned yesterday. "We should not underestimate the risk of that kind of loans. However, we should not say that the risk has become very ...

  8. Business - Money - TRADE

    Britain needs to seal yuan-swap agreement, former PBOC adviser says

    Posted Dec 07th 2012, 12:00am by Bloomberg

    ... Bloomberg in London Former PBOC adviser sees London's potential to become offshore centre for yuan trading Britain told to seal yuan-swap agreement Britain needs to build closer ties with China's central bank to unleash London's potential market in offshore yuan trading, a former adviser to the People's Bank of China says. While Chancellor of the Exchequer George Osborne, ...

  9. Business - Banking & Finance - BANKING

    Tough tasks await next PBOC head

    Posted Nov 30th 2012, 12:00am by Victoria Ruan

    ... Victoria Ruan victoria.ruan@scmp.com The first job for the new governor of the mainland central bank may be to liberalise interest rates, allowing banks to compete Tough tasks await next PBOC head The next governor of the People's Bank of China is likely to have got there by first becoming the head of one of the country's big state-owned lenders. His initial task? ...

  10. Business - Banking & Finance - BANKING

    PBOC sets loan reserve ratios for small banks

    Posted Nov 03rd 2012, 12:00am by PHOENIX KWONG

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com PBOC sets reserve level of 2pc for small players, while the bigger ones still have to deal with 20pc Smaller lenders get boost with lower ... details about what criteria lenders must meet. The PBOC has been implementing a "differentiated reserve requirement ratio", setting a ratio of 20 per cent for the biggest banks, while ...




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