An article published by China Finance magazine on Saturday quoted the People’s Bank of China Governor Yi Gang as saying that the central bank won’t employ larges-scale monetary lo … ( read original story …)
FINANCE
China’s Crackdown on Hong Kong Could Help Japan Become Finance Hub
China’s crackdown on Hong Kong and new limits on overseas workers in Singapore could help Japan raise its profile as a global financial hub, despite its higher taxes, according to Japan’s new vice … (…
It’s monetary policy as usual, says head of China’s central bank
China will maintain “normal” monetary policy for as long as possible, according to People’s Bank of China (PBOC) governor Yi Gang. Policymakers plan to encourage a “reasonable” increase in household … ( read original story…
China to Maintain ‘Normal’ Monetary Policy, PBOC Chief Says
China will maintain “normal” monetary policy for as long as possible, according to the People’s Bank of China Governor Yi Gang. ( read original story …)
China won’t follow West by easing monetary policy, says central bank chief
China will not follow Western economies by undertaking a large-scale monetary loosening, but will instead look to consumer price stability and exchange rates to help the economy recover, the central … ( read original story…
Yuan’s Haven Status Won’t Stick Until China Relaxes Its Controls
Considering the policy risk in China and its capital controls, viewing the yuan as a haven will be inappropriate, according to George Magnus, research associate at Oxford University’s China Centre. ( read original story …)
China’s central bank to cut FX risk reserve ratio to zero
China’s central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. ( read original story …)
UPDATE 1-China’s central bank to cut FX risk reserve ratio to zero
China’s central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. ( read original story …)
Beijing sees spending boom during National Day
Beijing received 99.82 million tourists and saw a total sales revenue of 11.5 billion yuan (US$1.69 billion) during the National Day holiday, according to the Beijing Municipal Bureau of Culture and … ( read original…
China central bank says to cut foreign exchange risk reserve ratio from 20% to zero
China’s central bank said on Saturday that reserve requirements of 20% for financial institutions settling foreign exchange forward yuan positions will be cut to zero starting Oct. 12. ( read original story …)
Detained Australian Yang Hengjun set to face trial in Beijing
Detained Australian writer Yang Hengjun will face trial in Beijing on an espionage charge with a judge expected to be appointed in the next fortnight, friends said on Saturday. The 55-year-old blogger … ( read…
China to Maintain ‘Normal’ Monetary Policy, PBOC Governor Says
China will maintain “normal” monetary policy for as long as possible, according to the People’s Bank of China Governor Yi Gang. ( read original story …)
Inside China Tech: Beijing to sharpen country’s R&D focus
Earlier this year, Beijing introduced a US$1.4 trillion new tech infrastructure … the Ministry of Science and Technology and the Ministry of Finance. In May, China’s central government said it will … ( read original…
