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The central bank is planning new investment funds to diversify holdings in the nation's $3 trillion foreign exchange reserves, to hedge against depreciation and inflation risks, according to a news report.
Chinese shares closed lower Monday with the benchmark Shanghai Composite Index down 45.57 points, or 1.51 percent, to 2,964.95.
The revaluation of the yuan will not be an effective weapon against inflation but rather a consequence of growing inflationary pressure, a senior officer from Bank of China said.
China's regulators may allow 10 foreign and overseas-listed Chinese companies to sell shares in Shanghai under a trial program after two years of preparation, the 21st Century Business Herald reported, citing a draft plan.
Chinese shares closed lower Friday with the benchmark Shanghai Composite Index down 15.46 points, or 0.51 percent, to 3,011.21.
The possibility of raising the required reserve ratio (RRR) in the middle of May is high, China Securities News reported, citing analyst Lin Songli.
In a revision signifying that local governments are yielding to the central government's pressure to rein in housing markets, Xi'an became the first city in China to announce it will lower a target aimed at controlling rises in new home prices.
China signalled on Thursday it was ready to buy more debt from the euro zone's weaker states, in a move to help stabilise the bloc's fragile finances and protect its business interests.
China Investment Corporation (CIC), the nation's sovereign wealth fund, is planning to further expand its overseas investment in developing economies, said Lou Jiwei, the company's chairman.
China's small-loan business kept expanding rapidly in the first quarter, with the number of small-loan companies increasing to 3,027 by the end of March this year, according to the People's Bank of China (PBOC) Thursday.
The China Banking Regulatory Commission (CBRC) has begun to stress-test lenders more strictly, the 21st Business Herald reported Wednesday.
Dating site Jiayuan.com International Ltd filed for an initial public offering, the latest in a series of Chinese social networking companies to apply for US listings.
