PBOC

Chinese strong talk on yuan reform masks policy quandary

27 Apr 2013

China’s central bank has been talking tough on currency reform while it has also intensified market intervention, highlighting the fine line it must walk in trying to liberalise the yuan.

5:11PM

PBOC poised to widen trading band of yuan

19 Apr 2013

Beijing is set to widen the yuan's trading band to make the pricing system for the currency more market-oriented. The move reflects the resolve of policymakers to push ahead with financial reforms...

5:54AM

China's fury at Bank of Japan 'blackmail' makes zero sense

8 Apr 2013

According to the story on the front page of Saturday's South China Morning Post a host of mainland economic bigwigs led by former People's Bank of China monetary policy committee member Li Daokui...

3:17AM

4 comments

Yuan strengthens to highest level against US dollar in 19 years

26 Mar 2013

The yuan strengthened beyond 6.21 per US dollar for the first time in 19 years yesterday after the People's Bank of China raised the currency's reference rate and as investors reassured by a...

4:59AM

China expected to keep interest rates unchanged

20 Mar 2013

Mainland officials are expected to keep interest rates on hold in the first half of the year, a central bank adviser said, easing concerns that Beijing may raise rates after inflation reached a 10...

4:35AM

PBOC 'has scope to widen' yuan band

12 Mar 2013

The People's Bank of China has room to widen the yuan's trading band this year, a reform that could have been done earlier and more quickly, a prominent economist and former adviser to the central...

6:44AM

Opinion

Michael Cox

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

China and Britain to sign yuan-pound swap deal

BOE governor Mervyn King and his PBOC counterpart, Zhou Xiaochuan, met in Beijing yesterday. Both central banks will "facilitate" talks on the yuan-pound arrangement, the BOE said.

6:39AM

People's Bank of China sounds alarm over inflationary pressures

The mainland's service sector recorded the fastest growth since August last month as the non-manufacturing purchasing managers' index (PMI) hit 56.2, according to the National Bureau of Statistics...

3:25AM

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 reported, without citing anyone.

4:37AM

CURRENCIES

Yuan trade to start in Taiwan in weeks

The central bank has appointed Bank of China's Taipei branch to clear yuan transactions in Taiwan, in the latest step to strengthen economic ties between the mainland and the island.

4:36AM

PBOC does 90 bln yuan reverse repos, drains 20 bln for week

China’s central bank will inject 90 billion yuan (HK$110 billion) into money markets through reverse bond repurchase agreements on Saturday, traders said, meaning it will drain a net 20 billion...

12:00PM

China’s PBOC chief search spurs focus on finance regulators

China’s likely search for a successor to Zhou Xiaochuan as central bank chief is spurring focus on the nation’s banking and securities regulators as the incoming Communist leadership overhauls top...

4:21PM