pboc

South Korean central bank cuts key interest rate


July 12th, 2012 - 2:00 pm ICT by IANS
Seoul, July 12 (IANS) Bank of Korea (BOK), South Korea's central bank, unexpectedly cut its benchmark interest rate to 3 percent Thursday, lowering the 7-day repo rate for the first ... Read more...

Posted in Business |

China’s banking assets top $16.8 trillion


June 9th, 2012 - 1:20 pm ICT by IANS
Beijing, June 9 (IANS) Total assets of China's banking sector rose 19.1 percent year-on-year to 105.8 trillion yuan ($16.8 trillion) by the end of 2011, according to a report released ... Read more...

Posted in Business |

Chinese own 2.95 bn bank cards


March 19th, 2012 - 7:14 pm ICT by IANS
Beijing, March 19 (IANS) Every Chinese had more than two bank cards on average at the end of last year as more people in the world's second-largest economy turn to ... Read more...

Posted in Business |

‘Slow global recovery biggest uncertainty for China’


March 12th, 2012 - 1:58 pm ICT by IANS
Beijing, March 12 (IANS) The governor of China's central bank Monday said a slow world recovery process and the unstable economic and financial situation in Europe will be the biggest ... Read more...

Posted in Business |

China cuts bank reserve requirement


February 19th, 2012 - 9:33 pm ICT by IANS
Beijing, Feb 19 (IANS) China's central bank has lowered the reserve requirement ratio (RRR) of banks by 50 basis points to ease a short-term credit crunch.The cut, the second in ... Read more...

Posted in Business |

Pakistan, China ink currency swap deal


December 24th, 2011 - 11:47 am ICT by IANS
Beijing, Dec 24 (IANS) China's central bank said Saturday that it has signed a 10-billion-yuan ($1.6 billion) currency swap deal with the State Bank of Pakistan.The agreement will last for ... Read more...

Posted in South Asia |

Price stability top priority, says China’s central bank


September 12th, 2011 - 4:32 pm ICT by IANS
Beijing, Sep 12 (IANS) The People's Bank of China (PBOC), the country's central bank, reiterated Monday that stabilising the overall price levels remained the top priority of macro-economic regulation.Some factors ... Read more...

Posted in Business |

Stabilising prices remains top priority for China: central bank


August 13th, 2011 - 4:58 pm ICT by IANS
Beijing, Aug 13 (IANS) The People's Bank of China (PBOC), or the central bank, has said that it will continue to make stabilising prices a top priority of its macro ... Read more...

Posted in Business |

China to raise interest rates as prices rise


July 6th, 2011 - 10:57 pm ICT by IANS
Beijing, July 6 (IANS) China's central bank said it will raise the benchmark one-year borrowing and lending rates by 25 basis points Thursday, Xinhua reported.This is the third time the ... Read more...

Posted in Uncategorized |

China’s economy likely to see slowdown


July 27th, 2010 - 8:48 pm ICT by IANS
Beijing, July 27 (IANS) China's central bank said Tuesday the country's economic growth may witness a slowdown. Current economic development has revealed signs of a slowdown in the country's growth, though the ... Read more...

Posted in Business |

Ahead of G-20, China provides for Yuan flexibility


June 21st, 2010 - 4:38 pm ICT by ANI
New Delhi, June 21 (ANI): With the Group of Twenty (G-20) set to meet at the end of this week, the People's Bank of China (PBOC), China's central bank, has said that ... Read more...

Posted in Business |

China’s economy shrinks


December 1st, 2008 - 6:33 pm ICT by IANS
Beijing, Dec 1 (Xinhua) The Purchasing Managers' Index (PMI) of China's manufacturing sector dropped to 38.8 percent in November, down 5.8 percentage points from October, indicating that the country's economy has further ... Read more...

Posted in Uncategorized |

China willing to cooperate with world economies to stabilise market


October 4th, 2008 - 12:41 pm ICT by IANS
Beijing, Oct 4 (Xinhua) China Saturday said it is willing to cooperate with world powers, including the US, to restore stability to beleaguered international financial markets."China is willing to enhance coordination and ... Read more...

Posted in Business |

Chinese stocks sink amid global financial turmoil


September 16th, 2008 - 5:37 pm ICT by IANS
Beijing, Sep 16 (Xinhua) Chinese shares plunged 4.47 percent amid global financial turmoil Tuesday, as investors reacted to losses on Wall Street and the People's Bank of China's (PBOC) decision to slash ... Read more...

Posted in Business |

Chinese bank to issue commemorative notes for Olympics


July 8th, 2008 - 7:58 pm ICT by IANS
Beijing, July 8 (IANS) The People's Bank of China (PBOC), the country's central bank, will issue a commemorative bank note with a face value of 10 Yuan ($1.46) to mark the Beijing ... Read more...

Posted in World |

China’s economic growth may slow down: Expert


June 10th, 2008 - 3:03 pm ICT by IANS
Xinhua Beijing, June 10 (Xinhua) The Chinese economy is set to slow down in the next few years, a Beijing-based weekly reported Tuesday quoting an expert. "According to our initial analysis, 2007 was ... Read more...

Posted in Business |

China central bank provides $785 mn for quake-hit areas


May 14th, 2008 - 4:53 pm ICT by admin
Xinhua Beijing, May 14 (Xinhua) People's Bank of China (PBOC) Wednesday announced that it would provide 5.5 billion yuan ($785.86 million) to carry out relief work in the quake-hit areas of Sichuan and ... Read more...

Posted in Uncategorized |

China raises reserve requirement to curb inflation


April 16th, 2008 - 10:06 pm ICT by admin
Xinhua Beijing, April 16 (Xinhua) China's central bank Wednesday for the third time in a year raised the reserve ratio of banks in an effort to curb excess liquidity and ease inflation. The ... Read more...

Posted in World |

Marriage registration rush on opening day of Olympics


April 3rd, 2008 - 2:56 pm ICT by admin
(Olympics Snippets) Xinhua Beijing, April 3 (Xinhua) Beijing will try its best to meet its citizens' aspirations for marriage registrations Aug 8, the opening day of the Olympic Games, Vice-Mayor Ding Xiangyang has said. ... Read more...

Posted in World |

China to continue with tight monetary policy


March 31st, 2008 - 8:21 pm ICT by admin
Xinhua Beijing, March 31 (Xinhua) China's central bank said Monday it would continue with tight monetary policy to adjust to changes in the domestic and world economies. The People's Bank of China (PBOC) ... Read more...

Posted in World |

China raises bank reserve ratio to combat inflation


March 18th, 2008 - 9:44 pm ICT by admin
Xinhua Beijing, March 18 (Xinhua) Hours after Prime Minister Wen Jiabao said his government would take steps to control soaring inflation, China's central bank Tuesday raised the deposit reserve ratio of commercial banks ... Read more...

Posted in World |

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