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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. Banking on trade ties

    Posted Sep 21st 2004, 12:00am by Staff Reporter

    ... HSBC general manager Raymond Or Ching-fai (fifth from left) and HKMA chief executive Joseph Yam pose for a photo with People's Bank of China governor Zhou Xiaochuan and members of the Hong Kong Association of Banks delegation in Beijing yesterday. To Mr Zhou's left are Standard Chartered Bank chief executive Peter Wong, Bank of China Hong Kong chief executive He ...

  3. Zhou rate talk fuels sell-off in stocks

    Posted Jun 26th 2007, 12:00am by Staff Reporter

    ... a 21/2-month low of 139 billion yuan. People's Bank of China governor Zhou Xiaochuan told a conference of central bankers in Switzerland at the weekend that officials were worried about a stock ...

  4. PBOC looks at yuan services

    Posted Oct 01st 2005, 12:00am by Staff Reporter

    ... Maria Chan People's Bank of China governor Zhou Xiaochuan says the central bank has been studying the possible expansion of yuan services offered by Hong Kong banks. 'The implementation of yuan services in Hong Kong has been smooth since its introduction in early 2004,' Mr Zhou said after a speech at the annual dinner of the Hong Kong Association of Banks yesterday. ...

  5. February 25 start for yuan banking

    Posted Feb 08th 2004, 12:00am by Hannah Lee, Patsy Moy

    ... of the People's Bank of China said banks could begin offering renminbi deposit, remittance and foreign exchange services on February 25. The bank's governor, Zhou Xiaochuan, was speaking after ... the beginning of last month. Asked how much cash flow the new services would attract, Mr Zhou said: 'It should be left to the market to decide,' adding that the number of transactions would ...

  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. Agricultural Bank ready for reform

    Posted Dec 26th 2007, 12:00am by Staff Reporter

    ... the restructuring plan was stuck at the central bank pending further review. However, the hold-up does not appear to be with the central bank. People's Bank of China governor Zhou Xiaochuan at the same ... and pushing ahead the restructuring process now and I think a final decision will be made pretty soon,' Mr Zhou said. The bank, set up in 1979 to serve the country's 800 million farmers, ...

  8. Mainland trade surplus hits US$27.1 billion on summit eve

    Posted Nov 11th 2010, 12:00am by Staff Reporter

    ... appreciation', said Lu. 'The People's Bank of China governor Zhou Xiaochuan said last Friday that China should build a pool to contain money inflows. Unsurprisingly, the pool is just central ...

  9. Stocks may start day with a dive

    Posted Jun 25th 2007, 12:00am by Staff Reporter

    ... People's Bank of China governor Zhou Xiaochuan did little to allay those fears at the weekend when he said he could not rule out raising interest rates for a third time this year to curb inflation and cool the market. 'We're certainly concerned about inflation,' Mr Zhou told reporters in Basel, Switzerland, where he was attended a bankers' meeting. His two interest-rate ...

  10. Central bank chief seeks break-up of Agricultural Bank

    Posted May 22nd 2006, 12:00am by Mark O'Neill

    ... the weakest of the big four state banks, but the lender is fiercely opposed to the idea and wants to list in Hong Kong. After two years of bitter debate, Zhou Xiaochuan earlier this month made two ... billion and US$70 billion, equal to the total of the other three big state banks- China Construction Bank, Bank of China and Industrial and Commercial Bank of China. Mr Zhou has concluded ...




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