finance

To support the expansion of the pilot cross-border renminbi (RMB) trade settlement scheme, the PBC and the Hong Kong Monetary Authority (HKMA) signed a Supplementary Memorandum of Co-operation on July 19, adapting their cooperation areas to the expanded RMB trade settlement ...
On June 30, Governor Zhou Xiaochuan met with Mr. Naoyuki Shinohara, the Deputy Managing Director of the International monetary Fund (IMF) in Beijing. They exchanged views on China s economic growth, general price level, balance of payments, and monetary policy, and etc. Mr. ...
In view of the recent economic situation and financial market developments at home and abroad, and the balance of payments (BOP) situation in China, the People s Bank of China has decided to proceed further with reform of the RMB exchange rate regime and to enhance the RMB ...
In the second half of May 2010, the PBC conducted a questionnaire survey on urban depositors in 50 large, medium and small cities across the country. The survey findings are as follows: 1.Current income sentiment index slightly falls and expectations are cautious over future ...
In Q1-Q3 2010, in accordance with the overall arrangements of the CPC Central Committee and the State Council, the PBC continued to implement a moderately loose monetary policy. In parallel with its effort to maintain policy continuity and stability, it placed emphasis on ...
On June 4th and 5th, 2010, the G20 Meeting of Finance Ministers and Central Bank Governors was convened in Busan, Republic of Korea. Representatives at the conference discussed current macroeconomic circumstances, the framework for strong, sustainable and balanced growth, ...
Broad money rose 21%. At end-May, broad money (M2) stood at RMB66.34 trillion, increasing 21% year on year, down 0.5 percentage points month on month. Narrow money (M1) registered RMB23.65 trillion, rising 29.9% year on year, down 1.4 percentage points month on month. Cash in ...
Days ago, the 12th EAG Plenary and working group meetings were convened in Almaty, Kazakhstan, attended by more than 120 representatives from EAG members and observers. The Chinese delegation, headed by Deputy Governor Su Ning, also participated in the conference. The conference ...
Days ago, the People s Bank of China (PBC) released the Classification and Coding Standard of Loans Statistics (Trial) (referred to as the Standard hereinafter). Loan is the most important financing channel in China. Reasonable size and structure of credit will help improve ...
On May 28 and 29, 2010, the 23rd Meeting of Central Bank Governors Club of Central Asia, Black Sea Region and Balkan Countries was convened in Almaty, Kazakhstan. Representatives from 18 member countries and other specially invited guests attended the meeting. At the invitation ...
Days ago, PBC Deputy Governor Hu Xiaolian went for on-site research on rural financial services and the reform of rural credit cooperatives (RCCs) to the provinces of Liaoning, Hubei and Guangdong and had discussions with representatives from PBC branch offices and rural ...
The People s Bank of China convened the National Video Conference on IT Application in State Treasury on May 19, attended and addressed by Deputy Governor Su Ning. He reviewed the IT application plan, framework, and achievements in state treasury over recent years, identified the ...
China s financial sector experienced an extraordinary phase of reform and development over the past five years in the 11th Five-Year Plan period. While committed to preserving the RMB and thereby promoting economic growth, the PBC followed the scientific outlook on development, ...
On January 12, the PBC announced it would raise the RMB reserve requirement ratio for deposit-taking financial institutions, with the exception of small financial institutions such as rural credit cooperatives, by 0.5 percentage points effective from 18 January 2010. On February ...
Money supply rose 21.48%. At end-April 2010, broad money (M2) stood at RMB65.66 trillion, increasing 21.48% year on year, down 1.01 and 4.47 percentage points from the end of last month and the same period last year respectively. Narrow money (M1) registered RMB23.39 trillion, ...
The attached file is in PDF format. You must have the Acrobat Reader installed to open the file. China Monetary Policy Report Quarter One,2010
The PBC has decided to raise the RMB reserve requirement ratio for depository financial institutions by 0.5 percentage points, effective May 10, 2010. Rural credit cooperatives and village and township banks are temporarily exempted from the ratio rise. Download the Document(MS ...
Broad money rose 19.5%. At end-November, broad money (M2) stood at RMB71.03 trillion, increasing 19.5% year on year, up 0.2 percentage points from the previous month but down 10.2 percentage points from the same period last year. Narrow money (M1) registered RMB25.94 trillion, ...
On December 20 2010, Governor Zhou Xiaochuan met with Mr. Donald Tsang, Chief Executive of the Hong Kong SAR, who was on a duty visit to Beijing. They exchanged views on issues of mutual interests, including financial cooperation between the Mainland and the SAR.
The PBC has decided to raise RMB benchmark deposit and loan rates of financial institutions as of Dec. 26, 2010. The one-year benchmark deposit and loan rates are raised by 0.25 percentage points respectively. Benchmark rates on deposits and loans of other maturities are also ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
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Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...