The Central Bank of China lowered reserve requirement ratios, which gives banks more money to loan rather than keeping cash on reserve.
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The Central Bank of China is paying closer attention to this.
Last week, the Peoples Central Bank of China allowed the yuan to strengthen and it moved to its highest level versus the dollar in 17 years.
The central bank of China knows the dollar is declining, but the central bank of China knows how to short the dollar if it gets too hairy.
The currency is closely monitored by the Central Bank of China and in the spot market, is allowed to rise or fall by 1 percent from the set parity rate each trading day.
The Central Bank of China does.
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Five years ago the central bank, the People's Bank of China, was given a federal structure that brought decision-making back to the centre and cut across powerful provincial lines.
In a little-noticed comment during the weekend's meetings, Yi Gang, a deputy governor of China's central bank and head of the country's foreign-exchange reserves, said that China aimed to bring its current-account surplus below 4% of GDP within 3-5 years.
After these remarks, the head of China's central bank called for the creation of a new international currency reserve to replace the dollar.
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On Wednesday, the People's Bank of China, the central bank, held a meeting with senior executives from China's big commercial banks the major underwriters and buyers of Chinese bonds to discuss how to enhance banks' internal risk controls in bond trading, according to the people.
This month, the People's bank of China, the country's central bank, engineered a one-day fall of almost 1% of the value of the renminbi, apparently a warning that Beijing would resume its efforts to cheapen its currency.
Just this week, the governor of China's Central Bank, Zhou Xiaochuan was allowed to remain in his role past the age of 65.
Together with Japan's central bank, the People's Bank of China financed half of America's current-account deficit last year.
Additionally, the report urged that the central bank, the People's Bank of China, be made "autonomous, " and that universities also be given greater independence.
Its director is Wei Benhua, a veteran of China's central bank.
The governor of China's central bank called for a new world reserve currency to replace the dollar , which he suggested could be issued by the IMF.
Zhou Xiaochuan, the governor of China's central bank, caused a stir in March 2009 when he argued that the SDR should become a true global reserve asset to replace the dollar.
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Over the weekend, the head of China's central bank also gave a speech indicating that the yuan could be revalued in the near future (though he blamed international pressure, rather than internal imbalances).
What the Central Bank presidents of Brazil, Russia, India and China want to know is if another round of monetary stimulus is in the cards?
On most days, investment professionals come to work and first check to see what the Federal Reserve, European Central Bank, Bundestag, German Constitutional Court, Bank of Japan, Bank of England or Bank of China did overnight.
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"We should avoid any excuse that might lead to the revitalization of trade protectionism, " said Su Ning of the People's Bank of China, the country's central bank.
Large capital inflows have forced China's central bank to buy massive quantities of dollar reserves, which have spilled over into excessive growth in the money supply and credit.
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Support for the markets stemmed from the Federal Reserve saying it would undertake another round of quantitative easing with no specified ending date, the European Central Bank announcing intentions to buy debt of troubled European nations, and China approving new infrastructure projects.
Note each foreign central bank such as China, India and Russia just to name 3 of the BRIC aristos, who continue to amass gold as a currency reserve instead of the dollar or the euro.
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Then last month the chief of the State Administration of Foreign Exchange, a division of the central bank, removed any ambiguity when he stated that China would make the renminbi convertible on the capital account in five years.
On one side of the discussion is the People's Bank of China (PBOC), the country's central bank.
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The People's Bank of China Governor Zhou Xiaochuan said the country's central bank will add to its holdings of euro-denominated assets.
China's central bank cut interest rates by a quarter of a percentage point earlier this month, its first cut since December 2008.
But it is in fact a quote from Hu Xiaolian, deputy governor of the People's Bank of China (PBOC), the country's central bank.
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Statistics from China's central bank show China had around 207 million credit cards in issue at the end of June, up 10% from the end of last year and more than quadruple the level at the end of 2006.
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