|
|
 |
China relaxes forex control
China's central bank announced on Thursday the relaxation of controls on foreign exchange accounts, simplifying approval procedures for foreign exchange payments in the service trade, and procedures for individuals to buy foreign currencies.
China forex reserves become the world's biggest
China has overtaken Japan to become the world's biggest holder of foreign exchange reserves after its stockpile grew $8.5 billion in February to $853.7 billion, the China Business News reported on Tuesday.
China raises yuan market prospect
China's yuan is the focus of U.S. pressure on the bilateral trade front. China raised the prospect on Tuesday of allowing market forces to play a greater role in setting the value of the yuan, saying most companies had adapted well to the country's floating exchange rate regime.
RMB rises to new high against USD
China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on heightened market forces, a weakened dollar and technical rebounds.
Chinese currency: China doing its best on flexible yuan
China is doing its best to move toward a freely traded currency, a central bank official said, appealing for understanding from two US senators who are threatening trade sanctions unless the yuan's value rises.
China: No timetable on yuan convertibility
China has "no timetable to further relax regulations" about converting its yuan currency under capital accounts, a senior Chinese central banker said on Thursday, apparently tempering earlier reports.
China central bank says market forces to drive yuan
The People's Bank of China is committed to letting market forces drive exchange rates and interest rates, Wu Xiaoling, a deputy governor of the central bank, told Caijing magazine.
China must beware dollar fall
China is on track for robust growth next year but a drop in the dollar could fuel pressure on the yuan and erode the country's foreign currency reserves, an adviser to the central bank said in remarks seen on Friday.
China central bank: Yuan change not one-off move
Recent reforms to China's currency regime do not represent a one-off adjustment, Chinese central bank governor Zhou Xiaochuan told the Financial Times, repeating a commitment to gradually make the exchange rate more flexible.
Further appreciation of renminbi denied
The central bank yesterday denied there would be further appreciation of the Chinese currency, saying last week's 2 per cent revaluation did not mean more adjustments.
Soaring forex reserve challenges China's financial strategy
A central bank report released in Beijing recently said that China's foreign exchange reserve reached US$711 billion in June, up 51.1 percent from a year earlier. The increase in the foreign exchange over the first half of the year was US$101 billion, about US$33.7 billion more than the figure in the same period of last year.
Impact of stronger yuan will be small
The revaluation of China's currency the renminbi, or yuan, will not have much impact on the country's economy, it was agreed on Friday.
China's central bank to maintain moderate monetary policies
The People's Bank of China (PBOC), China's central bank, will take moderate monetary policies to maintain a steady growth of bank loans, promote the development of the interbank market and enhance the reform of domestic financial institutions in the second half of this year, according to a statement publicized yesterday by the bank.
China Central Bank Denies Yuan Revaluation Coming
China's central bank has denied it was planning to announce a revaluation of yuan after the Bush administration reportedly told key senators that it expects such a move.
Chinese foreign exchange chief clarifies goals of exchange rate reform
It's an established mission of China to make the exchange rates of Renminbi (RMB) more flexible and market-oriented, foreign exchange chief Hu Xiaolian told the China Securities Daily on Monday.
China to keep RMB exchange rate stable
The Currency Policy Committee (MPC)of the People's Bank of China, the central bank, said recently at a regular meeting that the central bank will improve the RMB exchange rate forming system and keep the RMB exchange rate basically stable.
Chinese brokers primed to work the forex markets
Money brokers will be permitted to operate on the currency and foreign exchange markets on a trial basis for financial institutions, according to a statement released yesterday by the China Banking Regulatory Commission (CBRC).
Fixed yuan 'legitimate choice': world bank director
The World Bank's director for China said on Tuesday Beijing's fixed exchange rate policy was a "legitimate choice" and not a manipulation of the yuan currency, despite escalating rhetoric from Washington.
China pursues gradual reform of RMB rate
In the exchange rate reform, the premier said, China should take account of its possible impact on the country's macro-economic stability, economic growth and job market, give consideration to the state of the financial system, the level of financial regulations, resilience of the enterprises and effect on foreign trade and keep an eye on the economic and financial performance of the neighboring countries and regions, and of the world as a whole.
Top foreign trader forging ahead
South China's Guangdong Province, the nation's leading foreign trader, reached an import and export volume of more than US$150.58 billion from January to May this year.
Articles Archive: [ 1] [ 2] [ 3] [ 4] [ 5] [ 6] [ 7] [ 8] [ 9] [ 10]
|
|
|
|