• Mon
  • Sep 22, 2014
  • Updated: 10:40pm

People's Bank of China

Paper cuts sharpest, says Alibaba's Jack Ma

How do you defeat the country's No 1 e-commerce firm? It may not require any innovation in technology, just a piece of paper, says Jack Ma Yun, the founder and chairman of Alibaba.

Thursday, 20 March, 2014, 12:53am 1 comment

Shanghai official's vow on imminent freeing up of yuan a bone of contention

When will China fully liberalise the red-hot yuan? Even the central bank of the world’s second-biggest economy may not really have a clue, with senior officials locked in a debate over when foreign exchange controls should be lifted.

19 Mar 2014 - 5:19pm 9 comments

Looser controls over yuan bring mixed blessings

Beijing's relaxation of controls on trading of the yuan has been greeted as a welcome step towards a freer financial market, but economists have warned it could fuel capital outflow risks and result in massive losses for holders of yuan structured products in the near term.

18 Mar 2014 - 12:20am 4 comments

PBOC halts plans by Tencent, Alibaba for virtual credit cards

News that the People's Bank of China had halted plans by mainland internet giants Alibaba and Tencent to offer virtual credit cards sent Tencent shares tumbling yesterday, along with those of partner China Citic Bank.

15 Mar 2014 - 12:39am 2 comments

Beijing giving foreign economists the cold shoulder

Chinese government officials have quietly become more sceptical about foreign banks' research reports and are avoiding senior economists at global banks, partly because of growing mutual distrust over the scale and seriousness of the country's debt problems.

19 Feb 2014 - 4:12am 16 comments

China central bank promises better public communication, eyes inflation

China’s central bank promised on Friday to improve its communication with investors to keep market liquidity and interest rates stable, in an oblique reference to the country’s unprecedented cash crunch in June.

2 Aug 2013 - 9:08pm

Expectations mount for more China interest rate liberalisation

What will be the next step in Beijing's interest rate liberalisation programme? The forecasting game has begun after the central bank freed up lending rates earlier this month, disappointing market participants who had anticipated a more significant change.

29 Jul 2013 - 3:56am

PBOC clears way for asset securitisation

The People's Bank of China (PBOC) said yesterday it would push forward with plans to introduce credit asset securitisation into financial markets, which would help banks broaden their range of lending. Asset securitisation is a tool of structured finance in which various assets are pooled together and transformed into marketable securities.

6 Jul 2013 - 3:30am

China central bank boss vows to maintain stability after credit squeeze

In an attempt to allay concerns about a cash crunch in the mainland banking system, central bank governor Zhou Xiaochuan pledged yesterday to maintain market stability, saying appropriate policies would be used to fine-tune liquidity.

29 Jun 2013 - 1:41am 1 comment

China, Britain central banks agree on currency swap line

The deal was agreed Saturday between Bank of England governor Mervyn King, who steps down at the end of the month, and his counterpart Zhou Xiaochuan of the central People’s Bank of China.

23 Jun 2013 - 1:24pm