China to Shift $20 Billion as Capital for Policy Bank
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The move by the countryâs $200 billion wealth fund comes as the government nears the end of a decade-long reorganization of the banking industry.
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China&#39;s central bank has said that a decision to end a cap on lending rates is part of a plan to bring its banks more in line with international standards and give them greater freedom to lend.
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The People&#39;s Bank of China, China&#39;s central bank, announced yesterday that it would raise both lending and deposit interest rates 0.27 percentage point as of today.
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BEIJING/WASHINGTON  - A more flexible yuan would not hold back China's growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
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The International Monetary Fund agrees to give China and three other emerging nations a greater voice.
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China is committed to revamping its foreign exchange regime and further relaxing its capital account controls, central bank governor Zhou Xiaochuan said on Saturday.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade in a surprise move that was the boldest so far aimed at guiding a heated economy onto a path of slower growth.
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Industrial and Commercial Bank of China  plans to raise as much as US$19 billion in what would be the world's largest share sale, valuing the country's top lender at a discount to its largest rivals, a source familiar with the deal said on Sunday.
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WASHINGTON -- The Bush administration on Friday won a commitment from China that it will move to a flexible, market-based currency.
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Business & money: Bank can hand $25bn to investors, say analysts.
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China's central bank on Sunday poured cold water on the idea that the country's economy can decouple from the United States.
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China's biggest bank is buying a 20% stake in South Africa's largest lender for $5.5bn.
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The People&#39;s Bank of China, or China&#39;s central bank, announced Thursday to raise both lending and deposit interest rates 0.27 percentage point higher as from Oct. 29.
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The increase fed speculation that China was yielding to international pressure and the state of its economy.
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China's central bank on Thursday raised  interest rates for the first time in nearly a decade in its  boldest move yet to guide its heated economy to a path of  slower growth.
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MELBOURNE (Dow Jones)--Commonwealth Bank of Australia (CBA.AU) may acquire up to 20% of mid-sized Chinese bank Jinan City Commercial Bank to secure a foothold in China&#39;s growing finance services sector.
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The head of China&#39;s central bank said on Sunday Beijing&#39;s efforts to curb excessive credit growth were bearing fruit, increasing chances the country&#39;s booming economy would achieve a &quot;soft landing.