• Sun
  • Aug 31, 2014
  • Updated: 6:22pm

Zhou Xiaochuan

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.

Wednesday, 19 February, 2014, 4:12am 16 comments

Central bank eyes new agency for forex investment

The People's Bank of China (PBOC) is working on a plan to establish a new government agency to invest its US$3.5 trillion of foreign exchange reserves abroad more efficiently.

7 Aug 2013 - 8:19am

Wider trading band the next logical step in reform of yuan

Beijing has foreshadowed a widening of the trading band of the yuan ahead of meetings of the International Monetary Fund, the World Bank and the G20 summit. This is true to form. The trading band was last widened around last year's financial summits. It is a time when China comes under pressure to allow its currency to rise. But while the move may help deflect criticism from trading partners, it has deeper significance.

22 Apr 2013 - 1:58am

Slowdown is nothing to fret over, says PBOC chief

China's slower expansion in the first quarter was "normal" as the world's second-largest economy sacrifices growth to make structural reforms, People's Bank of China governor Zhou Xiaochuan said in the US at the weekend.

22 Apr 2013 - 2:50am

China expected to keep interest rates unchanged

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-month high last month.

20 Mar 2013 - 4:35am

PBOC sounds warning over local government loans

People's Bank of China governor Zhou Xiaochuan said attention needed to be paid to the development of local governments' financing vehicles and their hidden risks.

14 Mar 2013 - 7:47am

Central bank chief Zhou Xiaochuan issues rising inflation alert

Central bank governor Zhou Xiaochuan yesterday raised an alert about rising inflation and formally declared a shift to a tighter monetary policy this year. The government may also roll out new measures to control the property market, he told a news conference on the sidelines of the National People's Congress.

14 Mar 2013 - 8:57am

Beijing wise to keep its central banker

News that central bank governor Zhou Xiaochuan will stay in his post despite reaching the mandatory retirement age of 65 should be welcomed in China and overseas. It would be hard to name another mainland economic official who could match his experience in monetary affairs or enjoy the respect he has from the international financial community.

27 Feb 2013 - 5:29am

Top mainland bankers likely to stay on in jobs past retirement age

In a departure from the usual game of musical chairs among China's political circle, People's Bank of China Governor Zhou Xiaochuan, and Guo Shuqing, head of the China Securities Regulatory Commission, are likely to stay on.

25 Feb 2013 - 5:43am

A Good Week for ... , February 24, 2013

Hong Kong's house of mouse is finally making some money. The city's Disney park reported profits of HK$109 million, thanks to a 13 per cent rise in visitor numbers. 

24 Feb 2013 - 1:50am