People's Bank of China

China may liberalize bank savings interest rates within 2 years
Zhou Xiaochuan, governor of the People's Bank of China (Asahi Shimbun file photo)
BEIJING--China is likely to ease controls on interest rates paid on bank savings within two years and will allow wider use of its tightly controlled currency for trade and...
China tells banks to report terror suspicions
People's Bank of China (Asahi Shimbun file photo)
BEIJING--China's central bank told financial institutions on Jan. 17 that they had an obligation to report transactions and accounts suspected of links to terror activities, as ...
Value of digital Bitcoin currency plummets after Chinese ban
The Mt.Gox Bitcoin exchange office in Tokyo's Shibuya district (Asahi Shimbun file photo)
BEIJING--The value of the global digital currency Bitcoin has nose-dived since China banned it as a means of settlement, underscoring the pressures the virtual money is under...
POINT OF VIEW/ Takeshi Jingu: China starting to regulate shadow...
Takeshi Jingu (Provided by Nomura Research Institute)
While Chinese regulators have started to take action to mitigate potential risks of shadow banking, they also face the urgent task of laying the groundwork for full-fledged...
China frees up lending rates in major reform
The central branch of the People's Bank of China in Beijing (Asahi Shimbun file photo)
BEIJING--China's central bank removed controls on bank lending rates, effective on July 20, in a long-awaited move that signals the new leadership's determination to carry out...
POINT OF VIEW/ Keiko Yoshioka: China needs dialogue with markets
A signboard celebrates the 18th National Congress of the Communist Party in front of the People’s Bank of China headquarters in Beijing in November last year. (Keiko Yoshioka)
China’s financial markets were roiled in June. Interest rates surged in the interbank money market, making it difficult for some banks to borrow money from others. Shanghai...
China central bank office mobbed by borrowers seeking free loans
People's Bank of China (Asahi Shimbun file photo)
BEIJING--About 1,000 hopeful borrowers overran a branch of China's central bank as a rumor spread that it was handing out zero-interest loans, media said on July 11,...
INTERVIEW/ Wu Xiaoling: China won’t join competitive devaluation,...
Wu Xiaoling during an interview with The Asahi Shimbun in Beijing (Asahi Shimbun file photo)
China is showing signs of being annoyed by Japan’s aggressive monetary expansion, the first “arrow” of Abenomics, or Prime Minister Shinzo Abe’s deflation-busting...
China in credit crunch as Beijing targets debt
People's Bank of China (Asahi Shimbun file photo)
BEIJING--A spike in interbank interest rates is putting the squeeze on credit in China as the government tries to trim off-balance-sheet lending threatening the stability of...
China keeping close eye on monetary easing policies of developed...
Zhou Xiaochuan, governor of the People's Bank of China, during a news conference in Beijing on March 13 (Soichiro Yamamoto)
BEIJING--China's central bank is warily watching how successive monetary easing measures implemented in Japan and other developed countries affect foreign exchange rates.
Central bank adviser: China underestimated global slowdown
People's Bank of China (Asahi Shimbun file photo)
BEIJING--China severely underestimated this year's global economic slowdown and further cuts to Chinese interest rates or bank reserve requirements hinge on any new...
INTERVIEW: Japan, China stand to gain strategic benefits from...
Yi Gang: "When I went to study in the United States in 1980, I only had $2 in foreign currency in my pocket." (Photo by Tamako Sado)
BEIJING--China strengthened its financial links with Japan by authorizing direct trading between its renminbi currency and the yen in June. It represents the boldest step yet...
INTERVIEW/ Yi Gang: Japan, China stand to gain strategic benefits...
Yi Gang: "When I went to study in the United States in 1980, I only had $2 in foreign currency in my pocket." (Photo by Tamako Sado)
BEIJING--China strengthened its financial links with Japan by authorizing direct trading between its renminbi currency and the yen in June. It represents the boldest step yet...
POINT OF VIEW/ Takeshi Jingu: China unveils road map for financial,...
Takeshi Jingu (provided by Nomura Research Institute)
A recent report and news conference of the People’s Bank of China (PBoC) have clarified China's plans for financial and capital account liberalization.
ANALYSIS/ China poised to crank up capital account opening
The headquarters of the People's Bank of China in Beijing (Asahi Shimbun file photo)
BEIJING-- China is poised to boost quotas on outbound investment schemes to $100 billion and cut barriers to moving foreign currency in and out of the country in a series of...
China won't quit investing in Europe despite debt crisis
Yi Gang, deputy governor of the People's Bank of China, left, and Governor Zhou Xiaochuan (Asahi Shimbun file photos)
BEIJING--Monetary authorities in Beijing said China will continue to invest in Europe, although they expressed concerns about the sovereign debt crisis and the situation in...
Yuan hits record highs against the dollar
Prices of foodstuffs, such as eggs and pork, have sharply risen in China. (Keiko Yoshioka)
BEIJING-In an apparent policy shift aimed at reining in surging inflation, the Chinese authorities are allowing the renminbi to rise to record highs against the dollar.
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