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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...
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People Daily (Free subscription) | 14 hours ago
China's central bank said on Tuesday that more efforts would be made to keep credit expansion in reasonable pace after record lending to echo government's call to rebalance economic growth pattern. More credit support should go to promote employment and industries of strategic importance, said Zhou Xiaochuan, governor of the People's Bank of China. The central bank would continue to implement...
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Blowin' In The Wind (Free subscription) | 12/06/2009
... Amartya Sen and Rajendra Kumar Pachauri and environmentalist Sunita Narain. Zhou Xiaochuan, the governor of People's Bank of China, legal activist Xu Zhiyong of the Gongmeng Think Tank, journalist Hu Shuli and China scholar Minxin Pei are also on the list. Federal Reserve chairman Ben Bernanke tops the list followed by US president Barack Obama, Iranian reformer Zahra Rahnavard, New...
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2point6billion.com (Free subscription) | 12/04/2009
Dec. 4 – China and Taiwan will soon formalize a currency trading pact that will allow the direct conversion of the New Taiwan dollar and Chinese renminbi by banks from both countries. The pact will further ease trade by lowering operating costs and reducing counterfeiting. Hu Xiaolian, the vice governor of the People’s Bank [...]
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Danwei (Free subscription) | 11/30/2009
... problems? Chinese citizens who took part, include erstwhile editor of Caijing magazine Hu Shuli , governor of the People's Bank of China Zhou Xiaochuan and legal scholar and activist Xu Zhiyong China related findings from the survey: A majority ... (79 percent) [think] that China China is the inevitable next global power... ... The most influential world leaders outside the United...
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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, was officially announced...
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China Financial Markets (Free subscription) | 11/26/2009
... This was more or less confirmed in an interesting but perhaps little noticed speech last week by Governor Zhou. According to an article in Reuters , China needs to maintain a certain spread between deposit and lending rates in order for banks to be able to support the economy, Zhou Xiaochuan, the governor of the People’s Bank of China, said on Friday. The central bank sets a ceiling...
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We The Free (Free subscription) | 11/15/2009
clipped from www.forbes.com The showdown between the U.S. and China over money has been brewing for some time. The governor of the People's Bank of China, Zhou Gaoxiong, who rules over China's $2 trillion plus reserves, launched a campaign earlier this year to create a new reserve currency to replace the dollar. (See " Dollar Slams Up Against A (Great) Wall. ") Mr. Zhou, in...
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India Press Release (Free subscription) | 11/13/2009
... faces representing India. A twenty member delegation from China headed by Mr. Ma Delun, Deputy Governor of the People's Bank of China was here on a week-long visit to India for the conference. The Deputy Governor was accompanied by senior officials from other Chinese regulatory bodies and financial institutions, such as Deputy Governor Mr. Ma Delun, Dr. Yi Cheng, Deputy...
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People Daily (Free subscription) | 11/11/2009
China doesn't have a timeline for ending its "loose" monetary policy, a central banker said yesterday ahead of data likely to show the nation's economic recovery is strengthening. China will maintain its policy stance "at present", Ma Delun, deputy governor of the People's Bank of China, told reporters in Mumbai, speaking through a translator. The banks have flooded...
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Xinhuanet (Free subscription) | 11/07/2009
G20 policymakers agreed to maintain support for the recovery until it is assured in order to restore the global economy and financial system to health, according to the communique released after the two-day G20 Finance Minister and Central Bank Governor Meeting ended here on Saturday afternoon.
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People Daily (Free subscription) | 11/06/2009
Yesterday, at the Fifth Beijing International Finance Expo opening at the Beijing Exhibition Hall, nearly 130 financial institutions attended. Guo Qingping, assistant governor of People's Bank of China (PBC, China's central bank), stated at the opening ceremony that the central bank would maintain the moderately loose monetary policy , reasonably adequate liquidity, and enhance the sustainability...
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People Daily (Free subscription) | 11/06/2009
Chinese shares opened higher Friday, with the benchmark Shanghai Composite Index up 0.67 percent to open at 3,176.14 points. The Shenzhen Component Index added 0.72 percent to open at 12,994.51 points. China would continue to adhere to the moderately easy monetary policy and endeavor to promote the stable development of the financial system, Guo Qingping, assistant governor of the ...
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caligula's gallimaufry (Free subscription) | 11/03/2009
... Shanda has called for a Chinese “Marshall Plan” to boost demand for Chinese goods. A governor of the People’s Bank of China, Zhou Xiaochuan, has argued for establishing a supra-sovereign wealth fund to invest in the developing world. It is an idea born of opportunism and necessity. The opportunism arises from the difficulties the emerging world has in financing infrastructure...
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France24 (Free subscription) | 11/01/2009
A top Chinese central bank official warned Sunday that rising trade and investment protectionism remains one of the major threats to the global economic recovery. "We have noticed that major risks threatening (the) global economic recovery still remain," Li Dongrong, an assistant governor of the People's Bank of China, said in a speech at Kuwait Financial Forum. These included...
