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  1. Zhou raises hopes for more yuan services

    Posted Jun 07th 2006, 12:00am by Staff Reporter

    ... Maria Chan in Beijing Hong Kong's lenders may be allowed to offer more banking services denominated in yuan this year, according to People's Bank of China governor Zhou Xiaochuan. Banks in Hong Kong have been offering four types of personal yuan business- deposit, exchange, remittance and credit card- since February 2004, but local lenders hope the scope can ...

  2. Inflation does not worry bank chief

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

    ... Jamil Anderlini People's Bank of China governor Zhou Xiaochuan said yesterday the central bank would not target inflation and was not overly concerned by the increase in the consumer ... and financial tools and measures,' Mr Zhou told a conference in Beijing yesterday. 'China will not adopt an inflation-targeting system.' In a policy discussion paper published in March, ...

  3. Broadening of bond market turns into a squeeze

    Posted Feb 06th 2006, 12:00am by Staff Reporter

    ... A bigger and more active bond market, as authorities hope for, is a prerequisite to transforming the interest-rate regime into a more market-oriented one. But there have been few respondents to the government's repeated call for big state-owned firms to raise funds by corporate bond sales. Central bank governor Zhou Xiaochuan reasoned it would help commercial banks direct ...

  4. Heat to rise on yuan as China tops forex ranks

    Posted Mar 29th 2006, 12:00am by Cary Huang

    ... a move that could intensify pressure from the United States for Beijing to further revalue its currency, according to mainland media and economists. But central bank chief Zhou Xiaochuan said China would need at least two or three years to balance its trade and would not pursue any economic 'shock therapy'. Mr Zhou reiterated that it was government policy to let market ...

  5. Economist says give poor rights, not infrastructure

    Posted Mar 07th 2006, 12:00am by Jamil Anderlini

    ... backlash has been Zhou Xiaochuan, the reform-minded governor of the central bank, the People's Bank of China, although Mr Zhou denied this at the opening of the NPC on Sunday. 'There ...

  6. Risks rising in China banking system

    Posted Jun 16th 2006, 12:00am by Jamil Anderlini

    ... evaluate risk when making loans, he added. Central bank governor Zhou Xiaochuan weighed in with his own indictment on the progress of banking reform. 'If we don't place more emphasis on risk controls, it is likely we will have problems and when those problems occur, the pace of reform and experimentation might be greatly slowed down,' Mr Zhou said. Beijing is trying ...

  7. Banks not moving fast enough to stem fraud

    Posted Mar 10th 2006, 12:00am by Staff Reporter

    ... enough to improve internal controls, the central bank governor said yesterday. However, People's Bank of China governor Zhou Xiaochuan stopped short of calling for the nation's largest ... to stem bank fraud. Mr Zhou attributed the series of scandals to the large size of Chinese banks, their multi-layered organisational structure, and traditionally poor corporate governance ...

  8. Bouquets in Beijing... at home, brickbats

    Posted Dec 28th 2006, 12:00am by Klaudia Lee

    ... of harmony had also been materialised, Mr Ma added. In a separate meeting, Zhou Xiaochuan, governor of People's Bank of China, echoed the praise: 'Since the chief executive assumed office, ...

  9. 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 ...

  10. Foreign dollars in the bank

    Posted Jan 03rd 2006, 12:00am by Laurence Brahm

    ... in its financial institutions. The governor of the People's Bank of China, Zhou Xiaochuan, has been fending off a barrage of domestic criticism, mostly nationalist and emotional in nature. ... approved China Everbright Bank's sale of a minority stake to the Asian Development Bank. Mr Zhu's proteges- Mr Zhou and banking regulator Liu Mingkang- later accelerated this process. ...




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