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China “still unsure” about creating financial mega-regulator

Chinese reform researchers are still unsure about whether the country should create a financial super-regulator to oversee the banking, securities and insurance sectors, an official involved in drafting China’s latest…

Yuan funds for foreign exchange hit record high

China’s financial institutions saw their yuan funds outstanding for foreign exchange increase 683.7 billion yuan (108.9 billion U.S. dollars) in January, the highest level on record,central bank data showed Tuesday.…

Perng continues as Taiwan Central Bank governor

Taiwan Central Bank Gov. Perng Fai-nan was reappointed for a fourth term Feb. 23, making him the longest-serving head in the institution’s 89-year history. Perng’s new term, which runs Feb.…

Central bank starts 4.8 bln USD repurchase operation

The People’s Bank of China (PBOC) on Tuesday started a 28-day repurchase operation worth 30 billion yuan (4.8 billion U.S. dollars) for the first time since June, according to a…

China’s personal income tax revenue slows sharply

The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year,…

ICBC appointed as yuan clearing bank in Singapore

The People’s Bank of China has designated the Singapore branch of the Industrial and Commercial Bank of China (ICBC) as the yuan-clearing bank in Singapore, it said on Friday. Singapore…

China’s bankcard consumer confidence rises in January

Chinese consumers using bank cards spent their money more confidently in January than a month earlier, according to the Bankcard Consumer Confidence Index (BCCI) released on Friday. The BCCI, compiled…

China’s central bank warns of inflation

China’s central bank on Wednesday warned of inflationary pressure, saying the influence of rebounding demand, labor supply changes and global monetary easing on prices must be watched closely. The recovery…

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