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  • September 24, 2014
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  1. Yuan exchange cap will stay in place, PBOC says

    Posted Jul 01st 2012, 12:00am

    ... and Singapore. Hu said, however, said the PBOC may soon allow non-Hong Kong residents to open accounts for trading yuan in the city, a move local bankers see as a boon for business. Hu detailed ... yuan a month, which is a lot, and many people do not exchange that much,' Hu said. 'As such, the PBOC at present has no plan to lift the cap, though we will review it in the long ...

  2. Business - Banking & Finance - FINANCE

    Mainland China authorities clash over securities launch

    Posted Jun 23rd 2014, 03:08am by REN WEI

    ... Regulatory Commission, but did not inform the PBOC about it. After blocking the launch, the PBOC insisted the suspension was in compliance with the central government's policy directive. ...

  3. Business - Economy - ECONOMY

    China central bank move on yuan a sign of caution, not reform zeal

    Posted Mar 24th 2014, 04:45am by Reuters

    ... Reuters in Beijing Central bank path seen as least risky and also offers a way to hedge against further slowdown PBOC move on yuan a sign of caution, not reform zeal Paradoxical as it may ... a cabinet meeting. PBOC chief Zhou Xiaochuan said last week that deposit rates are likely to be liberalised in one to two years- the most explicit timeframe to date- and warned that deposit rates ...

  4. P.B.O.C. expected to ease its reserve requirement

    Posted Nov 24th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The People's Bank of China (PBOC) is expected to cut the required reserve ratio (RRR) for five rural credit co-operatives in Zhejiang province ... Reserve ratios for the biggest mainland banks are cuurently at a historic high of 21.5 per cent, as the PBOC tightened its monetary policies to rein in soaring inflation this year. The consumer ...

  5. 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 ...

  6. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by DON WEINLAND, George Chen

    ... after they got approval from the Guangzhou branch of the People's Bank of China. So the PBOC definitely knows what the business is about," said the source, who declined to be named ... the facts" and had a "biased understanding" of Youhuitong. On the sidelines of the Sino-US strategic and economic dialogue in Beijing yesterday, PBOC Governor Zhou Xiaochuan said ...

  7. Business - Economy - Market outlook report

    The Sound of Silence: A Volatility Flare

    Posted Jul 11th 2014, 08:47pm by Hao Hong

    ... management was reinforced. A number of prominent economists, as well as the PBoC governor, attended the meeting. In our view, relaxing restrictions on property purchasing, reintroducing discount ... memorable incidents when the CNY experienced sudden depreciation during talks with the US, most notably during Paulson’s visit in 2008. Exports and forex fund position with PBoC, however, surprised ...

  8. Business - Comment - rmb

    Will the Rmb pop the property bubble?

    Posted Mar 17th 2014, 06:23pm by Hao Hong

    ... Hao Hong The Rmb has reached its equilibrium; currency volatility will spill. In a bold move, the PBoC announced to double the Rmb trading band from 1 per cent to 2 per cent. ... underwhelming. Consensus discussions have been centred on what such a move means for monetary policy manoeuvres at a later date. Yet parsing through the PBOC’s scripted press response, we think ...

  9. PBOC official leaked secrets 'out of vanity'

    Posted Nov 29th 2011, 12:00am

    ... Ed Zhang in Beijing ed.zhang@scmp.com Despite speculation that 'big money' had been behind leaks of classified economic data by two central government officials now in jail, media reported yesterday that court documents did not mention any ' ...

  10. Business - Banking & Finance

    Amid China market stand off, calls for a more transparent central bank

    Posted Jun 24th 2013, 10:59am by Reuters

    ... Reuters in Beijing PBOC let short-term interest rates spike to extraordinary levels over past week as it refused to inject funds into money markets China’s central bank rarely explains its ... (PBOC) let short-term interest rates spike to extraordinary levels this past week as it refused to inject funds into money markets. Some observers saw it as an attempt to force banks to stop ...




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