People Daily (Free subscription) | 11/24/2009
&$ &$The State Council Monday appointed Zhu Min, former vice president of the Bank of China, as deputy governor of the People's Bank of China, the country's central bank. Photo: IC&$ &$ The former vice president of the Bank of China (BOC) Zhu Min's appointment to become vice president of the People's Bank of China, the country's central bank,...
Xinhuanet (Free subscription) | 11/23/2009
BEIJING, Nov. 23 (Xinhua) -- China's banking regulator on ...
People Daily (Free subscription) | 11/20/2009
Low interest rates, especially the deposit rate, would discourage financial institutions from providing adequate financing to the real economy, Zhou Xiaochuan, governor of the People's Bank of China (PBOC) said Friday. He told the 2009 Business Week CEO Forum in Beijing that low interest rates would reduce pressure on financial institutions, removing incentives to actively provide financial...
People Daily (Free subscription) | 11/18/2009
The People's Bank of China (PBOC) and the Ministry of Public Security (MPS) have planned a nationwide crackdown on bank card crimes in 2010, the central bank said Wednesday. The crackdown would last for 10 months, starting from January 2010, the central bank said on its website. In the first eight months of 2009, public security departments placed on file 6,362 bank...
Lenin's Tomb (Free subscription) | yesterday
So, the banks have won again. They've expropriated billions from the public treasury to cover their dodgy dealings, insisted that the public have to pay for it, and now they've got the official benediction of the supreme court. They don't have to worry about the OFT ruling out their excessive charges, and millions of people who might have expected some refund from their banks...
Jim Cramer's Mad Money (Free subscription) | yesterday
Jim Cramer’s Mad Money Stock Picks for Tuesday November 24 2009. These are all of Jim Cramer’s stock picks that are a Buy! I bold my picks. Buy: Chesapeake Energy (CHK) Heartware International (HTWR) Riverbed Technologies (RVBD) JPMorgan Chase (JPM) Cloud Peak Energy (CLD) RF Micro Devices (RFMD) Tellabs (TLAB) CIENA (CIEN) People’s Bank (PBCT) Flextronics (FLEX) Deckers Outdoor...
virtualreview: china|blogs (Free subscription) | 11/25/2009
From The China Daily: The vice-foreign minister said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago. The announcement by Vice-Foreign Minister Zhang Zhijun comes after the People's Bank of China, which has the...
People Daily (Free subscription) | 11/25/2009
The vice-foreign minister said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago. The announcement by Vice-Foreign Minister Zhang Zhijun comes after the People's Bank of China, which has the power to oversee the yuan and financial institutions, said it was in the process of reforming the exchange rate system. China is also starting to receive more international...
Danwei (Free subscription) | 11/25/2009
From The China Daily : The vice-foreign minister said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago. The announcement by Vice-Foreign Minister Zhang Zhijun comes after the People's Bank of China, which has the power to oversee the yuan and financial institutions, said it was in the process of reforming the exchange rate system. Link picked by Danwei.org...
Financial Skeptic (Free subscription) | 11/23/2009
... up in both current assets and long term assets. Just what is this category all about? 5. Pledged bank deposits show up in both current and long term assets. The financial engineering of this company is getting overly complex. 6. They just recently “Sold a 15% ownership stake in 15,000 MT annualized capacity polysilicon plant to Jiangxi International Trust and Investment Co., Ltd. for...
Xinhuanet (Free subscription) | 11/25/2009
Chinese Vice-Foreign Minister Zhang Zhijun said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago.
Colombo Page (Free subscription) | 11/22/2009
... recovered jewellery valued at 659.5 million rupees had been handed over to the authorities of the Bank of Ceylon and the People's Bank with the details of their owners. Jewellery valued at 618.7 million rupees had been given to the Peoples Bank and the rest valued at 40.8 million rupees has been given to the Bank of Ceylon. Nov 22, Colombo: Sri Lankan troops have recovered...
HomeATM (Free subscription) | 11/20/2009
... Organizations, the supervision on online payment industry has been enhanced. The central bank will build up the payment service organization system which is led by the People's Bank, primarily supported by banking financial institutions, and assisted by payment and settlement organizations. The chaos once in payment industry will be controlled and malicious market competition...
EconLog (Free subscription) | 11/20/2009
... prices turns into a crash until someone else steps in to hold the stock PBoC I translate as "People's Bank of China." And what about the possibility of a fall in prices forcing speculators to sell and causing a further drop in prices? If you think that is implausible, I've got some houses to sell you at 2006 prices. Thanks to Tyler Cowen for the pointer.
American Power (Free subscription) | 11/20/2009
From the Economist , " China's Currency: A Yuan-Sided Argument ": PRESIDENT BARACK OBAMA, on his first visit to China this week, urged the government to allow its currency to rise. President Hu Jintao politely chose to ignore him. In recent weeks Jean-Claude Trichet, the president of the European Central Bank, and Dominique Strauss-Kahn, the managing director of the International Monetary...
