Zhou Xiaochuan

PBOC chief sees room for rate rises but points to constraints

People's Bank of China governor Zhou Xiaochuan said yesterday there was scope for further interest-rate rises on the mainland but conceded domestic and international factors would be taken into consideration.

Friday, 7 March, 2008, 12:00am

Leaders settle on top roles in State Council

The mainland leadership has reached broad consensus over the leading positions in Premier Wen Jiabao's State Council for his second five-year term, with Wang Qishan taking over the expanded portfolios of financial affairs, foreign trade and investment.

4 Feb 2008 - 12:00am

Financiers unhappy with regulatory restrictions

A top policy bank executive complained yesterday that mainland banking regulators' tight supervision of Chinese financial organisations left little room for exploring new areas for profits.

26 Dec 2007 - 12:00am

Mainland pushes securitisation despite subprime turmoil

The mainland will go ahead with plans to introduce securitisation despite the turbulence triggered by the meltdown in US subprime mortgages, People's Bank of China governor Zhou Xiaochuan has indicated.

1 Nov 2007 - 12:00am

Change of guard likely to start bank reform

People's Bank of China vice-governor Su Ning is likely to replace Chen Yuan as head of the China Development Bank (CDB) to start the delayed restructuring of the state-owned policy lender, according to mainland media.

28 Oct 2007 - 12:00am

Bigger rate rises on way, bank chief hints

Zhou Xiaochuan says he has tools to deal with rising prices in surging economy

People's Bank of China governor Zhou Xiaochuan yesterday strongly hinted at further monetary tightening soon, saying that more frequent and bigger adjustments were possible.

19 Oct 2007 - 12:00am

Lai See

PBOC head's 'unlikely' reply fuels media guessing game

Without knowing the context, when People's Bank of China governor Zhou Xiaochuan said something was 'unlikely,' what would you fancy that something could be?

Could it be the long-awaited 'through train' - Beijing's plan to allow mainland investors to buy Hong Kong stocks? What a shame, if that's the case.

22 Sep 2007 - 12:00am

Bank chief plays down stock fears

Recent volatility in the mainland's stock markets is not directly linked to any macroeconomic weakness and should not result in major falls, the central bank chief suggested.

13 Mar 2007 - 12:00am

Zhou raises hopes for more yuan services

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 be expanded to include yuan lending.

7 Jun 2006 - 12:00am

Pop culture wins star billing as means to broaden economy

Central bank chief looks to Korean model in injecting life and money into China's cities

South Korea can provide a model for China in promoting vibrant cities on the back of a successful entertainment industry, the central bank governor says.

6 Oct 2005 - 12:00am

Foreign pressure 'speeding yuan reform'

The mainland's central bank chief admitted yesterday that foreign pressure would force Beijing to speed up the reform of its foreign exchange regime.

But People's Bank of China governor Zhou Xiaochuan dismissed concerns that altering the yuan's exchange rate mechanism would hurt mainland exporters.

24 Apr 2005 - 12:00am

Yuan move is vital to banking reform

Observers can only guess why senior mainland officials declined to attend last weekend's meeting of finance ministers from the Group of Seven developed nations.

Whatever the reason Finance Minister Jin Renqing and central bank governor Zhou Xiaochuan decided to stay home, they certainly saved themselves an admonishment on the value of the yuan.

19 Apr 2005 - 12:00am

Fear of overheating keeps credit clamps in place, say ministers

Beijing has no intention of even slightly relaxing the ongoing credit squeeze because of the dangers of a return to economic overheating, according to a panel of economic ministers.

'The macroeconomic readjustment and control policy will not be loosened at all,' Ma Kai , the minister in charge of the National Development and Reform Commission, said yesterday.

8 Mar 2005 - 12:00am

Yuan will be revalued - but not now

The mainland's central bank chief, Zhou Xiaochuan , yesterday defended Beijing's decision not to revalue the yuan and said an interest-rate increase now would be inappropriate.

3 Oct 2004 - 12:00am

Bank on politics to shape growth policy

A FURIOUS DEBATE is taking place about the pace of China's economy.

6 Apr 2004 - 12:00am