Looser currency controls on cards
2007-03-09 09:21:50
The authorities are considering further relaxing currency controls to slow down the expansion of the country's foreign exchange reserves, the chief of the State Administration of Foreign Exchange (SAFE) said yesterday.
Minsheng diversifies business
2007-03-08 09:28:54
Chinese commercial banks are seeking to expand into investment banking and other financial businesses.
We'll be flexible with yuan: bank chief
2007-03-06 07:12:41
The renminbi foreign exchange rate's trading band could be widened this year but was "sufficient" at the moment, the central bank chief said. NPC Coverage
China vows to improve setting of RMB exchange rate
2007-03-05 11:10:45
Chinese Premier Wen Jiabao said Monday the nation will improve the mechanism for setting the RMB exchange rate and seek ways to use the massive state foreign exchange reserves appropriately.
'RMB's rise should be controlled'
2007-03-05 09:10:53
China should combat speculation over the renminbi's appreciation by controlling the pace of the currency's rise in value, said Justin Lin Yifu, a well-known economist.
China's 5 village banks emerges
2007-03-02 19:27:04
China's first five village banks have opened for business as the government pledges to give farmers easier access to credit loans.
First village bank opens in Sichuan
2007-02-28 19:35:59
First village bank opened for business yesterday in Southwest China's Sichuan Province, part of a pilot program to improve rural financial services.