China is expected to soon issue a policy facilitating settlement in yuan for trade between Hong Kong and the mainland, the country's central bank governor Zhou Xiaochuan said in Beijing Friday. "It won't be long before the policy can be made... ...full story at People's Daily
from People's Daily on Fri, Mar 06 2009
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Hong Kong building lights »
YouTube video This is not a scene from some cheesy sci-fi b-movie, but a common light show on bank buildings in Central, Hong Kong. From left to right: Bank of China Tower, HSBC Headquarters and Standard Chartered Bank building. They are the 3 banks authorized to issue... |
| 06 Mar 09 |
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Yuan-based settlements for some China trade likely by March: central bank » People's Daily Four commercial banks could begin offering yuan-denominated settlement of some of China's international trade deals as soon as March, the central bank said Friday. Zhou Xiaochuan, head of the People's Bank of China (PBOC), said that a policy for... |
| 06 Mar 09 |
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Cross-Strait financial cooperation to be deepened: central bank governor » People's Daily Financial cooperation between the Chinese mainland and Taiwan will go through similar development and practice in the future as that between Hong Kong and the mainland, the country's central bank governor Zhou Xiaochuan said in Beijing Friday. ... |
| 06 Mar 09 |
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No currency swap exercised yet between HK, mainland for liquidity shortage: central bank governor » People's Daily The mainland and Hong Kong have not been forced to use the currency pool, which is a result of a currency swap agreement between the two sides, China's central governor Zhou Xiaochuan said in Beijing Friday. The Chinese mainland and Hong Kong... |
| 06 Mar 09 |
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China's monetary policy takes effect, further moderate adjustment possible: central bank governor » People's Daily China has acted fast amid the global financial crisis to ease its monetary policy that is beginning to take effect, said central bank governor Zhou Xiaochuan on Friday. China has shifted from a tight monetary policy implemented in early 2008 to a... |
| 30 Jun 09 |
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HK looking forward to becoming RMB settlement center outside Chinese mainland » People's Daily The Governor of the People's Bank of China, Zhou Xiaochuan, and the Chief Executive of the Hong Kong Monetary Authority, Joseph Yam, signed a supplementary memorandum of cooperation on a pilot program of cross-border trade between Chinese mainland and... |
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