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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. >>>
China saw its real economy worst
hit by the global financial turmoil instead of the financial sector
in many other countries, chief economic planner Zhang Ping said here
Friday. >>>
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 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 Friday. >>>
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 here Friday. >>>
Chinese central bank
governor said here on Friday that intensified fight against fake
money will continue as it was a long-term problem plagued the
country, though counterfeit ones were "only in a small
amount." >>>
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 Friday. >>>
China has multiple plans to prepare itself if
the global financial crisis further hurts its economy, said Zhou
Xiaochuan, governor of China's central bank, Friday. >>>
China will expand the issuance
of enterprise bonds to fund its massive stimulus projects, said
Zhang Ping, minister of the National Development and Reform
Commission (NDRC) Friday.>>>
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