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RMB capital account convertibility in the next 5 years

RMB capital account convertibility without specific time China network March 11 News Center of the National People's Congress held a press conference on the theme "Monetary policy and financial Issues" this morning, the People's Bank of China Governor Zhou Xiaochuan, vice governor of the People's Bank of China, Hu Xiaolian, deputy governor of the People's Bank Liu,  Deputy governor of the People's Bank of China and foreign Exchange Administration director Yi Gang attended the media interview. A reporter asked, China is now conducting a pilot, is the use of renminbi for cross-border trade settlement pilot, while China is continuing to reform the renminbi exchange rate mechanism. Can people ...

Last year, the National collection of 338 million yuan counterfeit money

Morning News reporter Guo reported yesterday, deputy governor of the People's Bank of China Ma attended the "anti-counterfeit currency exhibition" speech, said last year, the anti-counterfeit currency situation significantly improved, counterfeit money crime incidence significantly decreased, but the criminal origin of counterfeit currency has not been eradicated, counterfeit currency criminal activity rebound spread hidden dangers still exist Although the counterfeiting technique is constantly renovated, the imitation of counterfeit money is not high.  Financial institutions of the Cabinet seized a significant decline in the circulation of counterfeit money significantly reduced. According to statistics, 2010 national financial institutions from the circulation of the seizure of 4.309 million yuan counterfeit banknotes, the total denomination of 338 million yuan.

Zhou Xiaochuan: Monetary policy setting needs to adhere to multi-objective system

China's monetary policy needs to be set around low inflation, economic growth, high employment and balance of payments goals in the transition period of economic reform, according to Zhou Xiaochuan, the governor of the People's Bank of China. Zhou Xiaochuan expressed this in the "2009 China Financial Forum" held in Beijing. Zhou Xiaochuan said that in the second half of the 90, especially since this century, many countries in the world have assumed that monetary policy objectives should be simple, and that controlling inflation has become the sole objective of monetary policy. Over a period of time, this practice in many countries has achieved very good results, but in response to the financial crisis ...

Bank: New renminbi loan will remain in growth next year

Bank of China Development Report 2009-2010: New yuan loans will continue to grow next year "Xinhua news agency, Beijing, November 8," (Reporter Wang Shu Xu) Bank of Communications "2009-2010 China Development Report" is expected,  2010 China's new RMB loan will still maintain a certain growth scale, to the end of 2010 Commercial Bank RMB loan balance will increase 8 trillion-9 trillion yuan, growth rate of 20%-22%. Lianping, chief economist at the Bank of communications, said at the press conference that the growth in renminbi lending and g ...

New foreign investment in third party payment market

Fierce fighting in the third party to pay the market, but also new foreign investment figure. July 10, the People's Bank of China announced the sixth instalment of non-financial institutions "payment business license" (hereinafter referred to as "payment license") 27 companies. In addition to the expected Beijing Sina Payment Technology Co., Ltd., Beijing Hundred Pay Technology Co., Ltd., such as the internet giant's payment company has been approved, but also appeared edenred (China) Co., Ltd., Shanghai Sodis Wantong Services Co., Ltd. with foreign background of the company. After the industry's hot discussion paypal (U.S. ebay payment company) is not in this round of the list of approved ...

China's online game market growth stabilized host game or into a high-speed growth point

Today, Microsoft China announced that it will hold an Xbox One press conference on July 30, actively promoting it in September. Following the June 30, the Bank of China's Microsoft Xbox one won the national 3C certification, combined with the State Council promulgated the new regulations at the beginning of the year, from a technical point of view for the abolition of the June 2000 "on the implementation of special advice on the management of video game venues notice" (commonly known as game consoles Ban) solved the last hurdle. Shanghai FTZ has attracted more and more enterprises to enter, among which China's well-known Internet operator BesTV and Microsoft co-founded a joint venture.

Yi Gang: Further widening the scope of use of cross-strait clearing mechanism

China Network March 11 news conference of the National People's Congress four times this morning, the theme is "monetary policy and Financial Issues" press conference, PBOC governor Zhou Xiaochuan, deputy governor of the People's Bank of China, Hu Xiaolian, deputy governor of the People's Bank of Liu,  Deputy governor of the People's Bank of China and foreign Exchange Administration director Yi Gang attended the media interview. A reporter asked, through continuous cross-strait efforts, the two sides finally signed a financial and trade ECFA agreement, in recent years, whether the two sides have the possibility to implement the start of the currency clearing mechanism? Will Fujian Hercynian Economic Zone try first in this respect? According to the ...

CPI prices will start to rebound after bottoming out at the end of the year

Xinhua Beijing October 30 (reporter Yiu Junfang, wang) The People's Bank of China Investigation and Statistics Division 30th issued the "2009 three quarter macroeconomic Situation analysis" forecast, future loan demand will remain stable, CPI prices will start to rebound after the end of this year. The first 9 months of this year, China's new 8.67 trillion yuan loans, more than 5.19 trillion yuan. The Central Bank survey and Statistics Division reported that, from the trend of credit, as the earlier projects have been started still need a large amount of credit funds to maintain, coupled with the rise in real estate investment, loan demand will remain stable ...

Adjustment of the rate of adjustment of the deposit can appear inflection point

The origin of the topic May 1, 2010, China's Logistics and Purchasing association issued a April China manufacturing Purchasing Managers Index (PMI) was 55.7%, up 0.6% from last month, has lasted 14 months to maintain more than 50%. One day later, the People's Bank of China unexpectedly announced a 0.5% per cent reserve requirement for deposit-type financial institutions since 10th.  After the adjustment, the deposit reserve ratio of 17%, from the peak of the history of 17.5% only a step away. Market participants believe that the increase in the reserve requirement ratio shows the central government's austerity intention ...

BOC Selects 5 H-Share rights underwriters

Check out the "draft" of the latest underwriting deal for the Bank of China's H-Shares refinancing scheme.  Bank of China has already finalized 5 banks as underwriters of the H-share rights issue, which means the bank has taken another step towards the goal of capital replenishment, according to recent news.  It is reported that the 5 banks are: BOC International Holdings Limited, Bank of America, Construction Bank International Securities Limited, Credit Suisse, and ICBC International Finance Limited. The bank will issue no more than RMB 40 billion A-shares this year, according to the refinancing plan adopted by BOC at the general meeting of shareholders.

6 bank loans 30 billion to support Shanghai's infrastructure construction

Morning News yesterday, Shanghai Development and Reform Commission, Shanghai Banking Regulatory Bureau, People's Bank of Shanghai headquarters in Hengshan Hotel held "Shanghai Key construction project syndicated loan signing ceremony", the National Development Bank, ICBC, Agricultural Bank, Bank of China, CCB, Bank of Communications and other 6 banks in Shanghai branch and the relevant project units signed.  The syndicated loan signing project includes energy, rail transit, High-tech industrialization and energy-saving emission reduction and other fields, the loan agreement and the amount of intention amounted to more than 30 billion yuan. Yu Meng

Electronic payment ushered in IC card good chip manufacturers and other industrial chain benefits

Absrtact: Morning paper reporter Guo Recently, the central bank issued "The People's Bank of China on the promotion of financial IC card application Work", decided to officially start the nationwide bank card chip migration, 35 will be fully advanced financial IC card applications. Before the end of June this year, the morning News reporter Guo, the central bank issued "The People's Bank of China on the promotion of financial IC card application Work", decided to officially start the nationwide bank card chip transfer work, "Twelve-Five" period will be fully advanced financial IC card applications. At the end of June this year, workers, farmers, China, the construction, the exchange ...

P2P fear into fight dad era

Legal Evening News (Reporter Liu Jingyi) P2P seems to be entering the "fight father" era. From Ping An Bank Lu Jin, China Merchants Bank's small business E home "e + stable financing project", and then to Minsheng e-commerce P2P platform Minsheng easy to loan, the Department of the Bank of P2P wind and water. Reporters found that bank-based P2P is expected to benefit less than 10% of annualized earnings, and the entire industry a far cry from the average. P2P Department of Bank of China has become popular in domestic banking industry have joined the P2P platform layout. Recently, Minsheng Electric formally involved in the field of peer-to-peer lending, its P ...

BOC Bank launches "Super net Silver"

(Reporter Li Joe) reporter learned yesterday, the Bank of China and Construction Bank has taken the lead on the line "Super Net Silver", its online banking users across the bank remittance can be real-time to the account, credit cards can also be paid across the bank, and can inquire in other banks open accounts. The Bank of China's PBC online payment interbank Clearing system has recently begun commissioning, and the participating commercial banks will launch a new network of banking functions based on the system, which is called "Super Net Silver" by the media. Bank of China said the bank's new cross-service function was added on August 29 and was synchronized with the central bank system yesterday. ...

The quarter of the credit hit a clear Shanghai home loan to create a new single month record

Shanghai's first half of the new Yuan loan 371.55 billion yuan, for the same period last year, 2.3 times times the People's Bank of China, Shanghai headquarters July 13 credit operation data showed that the first half of the Shanghai credit growth, the new renminbi loan for the same period last year 2.3 times times, the monthly delivery is "W" shape trend, the loan  Among them since May, individual housing loan volume is obvious, two consecutive months to create a single month high, of which June new personal housing loans of 12.71 billion yuan, the year-on-year increase of 10 billion yuan. Credit in the first half of the quarter, Shanghai added foreign currency ...

ABC pilot County branch of agricultural loans Business Tax reduction by 3% levy

The State administration of Internal Revenue said 25th that the IRS issued a notice, from October 1, 2010 to September 30, 2011, the Agricultural Bank of China into the "Three rural finance division" reform pilot Jilin, Fujian, Shandong, Hubei, Guangxi, Chongqing, Sichuan, Gansu 8 Provinces (autonomous regions, The county branch under the jurisdiction of the municipality, which provides farmers loans, rural enterprises and various types of rural organizations loans earned interest income reduced by 3% of the tax rate levied business tax.

Reserve ratio increases stock market impact geometry

The People's Bank of China yesterday decided to raise the reserve requirement rate of 0.5% of deposit-type financial institutions from January 18 onwards. This is the first time in 16 months the central bank to raise the reserve ratio, the current 3,300 points under the turmoil of the market impact of consolidation geometry? Last night, the reporter wired an interview with Societe Generale, Wuhan sales analyst Zhou Jinghuan.  He thinks: This adjustment is unexpected to the market personage, have certain influence to investor psychology, to the stock market short-term also may cause certain fluctuation, but will not change the trend of a a A shares in the long line. Zhou Jinghuan Analysis said: "This increase in reserve ratio ...

Shenzhen, the beginning of the mortgage rate can still play 70 percent

Shenzhen Bank has not received a moratorium on the implementation of preferential rates to inform the first set of mortgage rates can still play 70 percent South Daily News of the first set of mortgage rates 70 percent era began to end?  "Bank of China officially stopped the first set of mortgage 70 percent discount" News yesterday after the CCTV news broadcast, aroused widespread concern.  Yesterday, the reporter calls the Bank of China headquarters to verify this message, after not connected to the phone call Shenzhen branch, the relevant staff told reporters, for the incident headquarters to give a uniform answer, but for "BOC has canceled the first set of 70 percent interest rate concessions", the response is not possible. Return to ...

June lending 1.53 trillion exceeding expectations

Central bank moves abnormally early disclosure of sensitive data The People's Bank of China yesterday announced that the renminbi loans for financial institutions in June were about $1.53 trillion more than last month's, up from about 1.3 times times higher than last month, well ahead of previous market forecasts. Zenggang, director of the Banking Research Institute of the Chinese Academy of Social Sciences, said that the 1.53 trillion yuan per month increment was a very short-term phenomenon in a special period. Earlier, a number of investment agencies had expected June new loans are expected to exceed 1 trillion yuan, but the most aggressive forecast is only 1.3 trillion yuan. At the beginning of this year, our government set a new annual loan of 50,000 ...

Zhu min: China's economy has shown a marked V-shaped rebound trend

Xinhua Guilin, December 8 (Xinhua Yiu Junfang, Wang) deputy governor of the People's Bank of China 8th, said in Guilin, Guangxi, China's economy has begun to stabilise, showing a very clear V-shaped rebound posture.  Zhu was speaking at the 11th plenary session of the Eurasian Anti-money laundering and counter-terrorism financing organization. He pointed out that in order to deal with the financial crisis, the Chinese government has adopted a positive fiscal policy and moderately loose monetary policy, and achieved good results. From the current situation, China's economic growth this year can be achieved and more than 8%, the Chinese economy has begun to stabilise, V-shaped rebound Ming ...

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