Central Bank

China central bank takes lead in economic reform push

25 Feb 2013

China’s readiness to bend retirement rules to keep arch-reformer Zhou Xiaochuan at the helm of the central bank signals clearly that new Communist Party chiefs want to speed economic reform in the...

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Canadian picked to head Bank of England

27 Nov 2012

Bank of Canada governor Mark Carney was unexpectedly appointed as the next head of the Bank of England, succeeding Mervyn King.

South African central bank holds key rate, fears inflation

22 Nov 2012

Despite weak economic growth South Africa’s Reserve Bank opted to leave interest rates on hold on Thursday, fearing any move to stimulate the economy now could fuel inflation.

Price of gold tipped to remain high

14 Nov 2012

Gold prices will likely stay high next year as mine-supply is tipped to be restrained, demand is expected to pick up in India and the mainland and central bank buying will remain robust, according...

New loans weaker than expected

11 Aug 2012

New loans advanced by banks on the mainland came in weaker than expected last month, suggesting a need for more effective stimulus policies to revive lacklustre demand in the economy, analysts say...

Opinion

Wang Xiangwei

Super ministries may not be the right answer for mainland China

Alex Lo

Church developers remain unbowed by government rules

George Chen

A house is not a home until it becomes affordable

Poof! the magic Draghi

Mario Draghi, the president of the European Central Bank, caused an optimistic stir last month with his stirring, almost clarion, promise that the bank was 'ready to do whatever it takes' to...

Second interest rate cut in month

China made a surprise move yesterday to cut interest rates for the second time in a month. At the same time, the European Central Bank cut interest rates to a historic low and the Bank of England...

Feast of sovereign bonds a real gift

Bankers say the government's record 23 billion yuan (HK$28.2 billion) dim sum bond offer will boost the city as an offshore yuan trading centre and cement the renminbi as a true international...

Beijing to foster HK-Shenzhen ties

China is poised to announce measures promoting the integration of Hong Kong and Shenzhen, after issuing its fourth and largest batch of sovereign bonds in Hong Kong yesterday.

Greater interest rate freedom forces banks to shift focus

Last week's long anticipated first move towards interest rate deregulation on the mainland means the country's banks can no longer sit back and take interest margins for granted.

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Banks push up deposit rates after rate cut

Big mainland banks yesterday responded to an official cut in lending rates by raising deposit rates, underscoring intensifying competition as the central bank edges towards interest rate...