The People's Bank of China, the central bank, would establish a foreign exchange department. With the approval of the State Council, the Cabinet, major functions of the new department include: administering foreign exchange, regulating domestic... ...full story at People's Daily
from People's Daily on Thu, Aug 14 2008
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| 14 Jun 08 |
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Patriot News Hour_6/13/08: "Freaky Friday" pt4 »
YouTube video Chinese "Gold Dragons" Target $2,000 an Ounce
Meantime in China, the Bank of Beijing -- the country's largest commercial bank by assets -- just became the 24th bank to gained approval for Trading Gold on the Shanghai Gold Exchange (SGE). The Bank of... |
| 07 Jul 08 |
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2000 bank outlets in Beijing can exchange currency » People's Daily As of the end of June, there are over 2000 bank outlets in Beijing that are qualified to exchange foreign currencies. Of these, 295 are located in the areas near Olympic Games events and are fully qualified and equipped to exchange foreign ... |
| 12 Jul 07 |
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Forex reserves swell to $1.33 trillion » People's Daily China's foreign exchange reserves increased by $40 billion in June, pushing the total figure to $1.33 trillion, the central bank said yesterday. It was a 41.6 percent increase year-on-year, the People's Bank of China said in a statement ... |
| 10 Jan 08 |
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Foreign banks make more RMB-denominated loans » People's Daily Foreign banks performed impressively last year in Shanghai, China's economic hub. Sources with the Shanghai headquarters of the People's Bank of China, the central bank, said on Thursday that RMB-denominated deposits of foreign bank ... |
| 28 Nov 07 |
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China, EU to jointly avoid fluctuations of exchange rate » People's Daily China and the European countries using the same currency Euro will work together to avoid big fluctuations of foreign exchange rates. The message was conveyed when China's central bank governor Zhou Xiaochuan met with a group of sen ... |
| 29 Aug 08 |
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SAFE to start annual checks on banks' foreign exchange controls » People's Daily China is to launch annual checks on banks' foreign exchange management to further strengthen the country's control over foreign currency, the State Administration of Foreign Exchange (SAFE) said. The country's top foreign exchange regulator will... |
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