Tag: Bank of China

• Tuesday, May 10th 2011 - 21:27 UTC

  Beijing promises a more flexible Yuan exchange rate, says US Treasury

  

  China assured the United States that it will continue moving toward a more flexible Yuan exchange rate, a US Treasury official said on Tuesday. The announcement came as the Central bank set the Yuan reference rate at the strongest level since 2005.

• Friday, April 15th 2011 - 18:44 UTC

  Top banker predicts speculative inflows will continue; China’s stats not so rosy

  

  Speculative money continues to flow into emerging markets, including China, and the situation is likely to continue over the long term, a top executive of China's largest commercial bank said Friday.

• Friday, February 18th 2011 - 16:38 UTC

  China again raised bank reserves (eight times in 12 months) to rein inflation

  

  China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.

• Tuesday, February 8th 2011 - 14:29 UTC

  China’s New Year takes off with higher interest rates, third time since October

  

  China's central bank said Tuesday it will increase key lending and deposit rates by a quarter percentage point, effective Wednesday. This is the third People’s Bank of China rise since last October, a move aimed at combating stubbornly high inflation.

• Friday, December 10th 2010 - 18:40 UTC

  China posts record foreign trade in November, but fears of a “rough” 2011

  

  Even when China's foreign trade hit a historic high in November, boosted by rising demand ahead of the Christmas shopping season, economists forecast a bumpy road next year.

• Friday, November 19th 2010 - 18:07 UTC

  China imposes second banks’ reserve hike in two weeks

  

  China's central bank has raised the amount of money that lenders must keep in reserve, as it moves again to try to control the country's high inflation. The People's Bank of China said the reserve ratio would go up by a further 0.5 percentage points on 29 November.

• Tuesday, August 17th 2010 - 09:20 UTC

  Chinese biggest state-owned bank raises 22 billion in initial public offering

  

  Agricultural Bank of China raised a record 22.1 billion USD in its initial public offering (IPO) in July despite a lukewarm response when the shares first went on sale. The IPO is the last by China's four biggest state-owned banks.

• Saturday, July 31st 2010 - 19:00 UTC

  China overtakes Japan as world’s second largest economy, says Beijing

  

  China has overtaken Japan to become the world's second-largest economy behind the United States, the country's chief currency regulator and vice-governor of the People's Bank of China (PBOC) said this week.

• Friday, July 9th 2010 - 04:45 UTC

  China confirms it will stick to moderately loose monetary policy

  

  China’s central bank said on Thursday it will stick to a moderately loose monetary policy as economic growth becomes better balanced between consumption, investment and exports.

• Wednesday, May 5th 2010 - 06:14 UTC

  China’s Tightens Credit, Pushes Stock Markets to their Lowest in Seven Months

  

  China's stocks fell on Tuesday sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy.