South Korea’s central bank said it has started buying Chinese stocks earlier this year, using the quota of 300 million U.S. dollars under the Qualified Foreign Institutions Investor program
Chinese central bank governor Zhou Xiaochuan pledged on Friday to continue with “prudent” monetary policies, while asking financial sector to “better serve real economies”.
The People’s Bank of China will probably cut the deposit reserve requirements for banks in July and cut the interest rate in August
In tightened restrictions on local debts, the draft amendment set out clearly that local governments are forbidden to issue debt
Qatar’s sovereign wealth fund is reportedly applying for a license, and seeking a 5 billion U.S. dollars investment under the Qualified Foreign Institutional Investor program.
The CSRC said it was looking to increase the cap on the combined stake in a listed company by QFII investors to 30 percent from 20 percent.
The percentage of respondents who think the current price levels are “too high” rose to 65.7 percent, up 2.8 percent from the previous quarter.
The country’s huge stockpile of forex reserves, the world’s largest, had already hit 3.2 trillion U.S. dollars by the end of 2011
Beijing’s policy makers need to continue relying more on quantitative easing tools to ensure sufficient liquidity growth, aside from last week’s 25bp policy rate cut
The move will increase competition within Chinese banks as they raise deposits rate to attract more money
The central bank also gave banks more flexibility for banks’ to set rates around the benchmark rates, a move interpreted by analysts as being of more significance
A state council conference on Wednesday has decided to start implementing tougher capital requirements from January 1, 2013.
The high-profile move which was made a week ago will reduce RMB’s reliance on USD and increase its role in foreign exchange settlement
Pan Gongsheng, a senior executive vice president of the Agricultural Bank of China, will soon join the People’s Bank of China as a deputy governor
Marketized reform of interest rate should be a top priority since what truly threatens China’s economy is an inefficient financial system, not slowing exports and investments, Mao said.
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