China Raises Bank Reserve Ratio for Some Banks

China’s central bank  has ordered six lenders to temporarily increase the amount of money they must keep in reserve to rein in lending and combat rising inflation, state media said Tuesday. The People’s Bank of China on Monday hiked the reserve requirement ratio for the six lenders by 50 basis points to 17.5 percent for [...]

China’s Central Bank Cautious on Recovery

The Chinese economy is headed in the right direction, but the foundations of the recovery are not yet solid, Su Ning, a vice-governor of the People’s Bank of China, says. Speaking at a mergers and acquisitions conference, Su said today he hoped China would be the first major economy to emerge from the global crisis. [...]

China Central Bank to Drain 70 Bln Yuan via Repos

China’s central bank will drain 70 billion yuan from the money market on Tuesday through 28-day bond repurchase agreements, traders said. Read more about China’s central bank…

China Pledges Ample Supply of Money to Spur Recovery

China’s central bank said the economy performed “better than expected” in the first quarter and pledged to keep money flowing into the financial system to sustain growth. The People’s Bank of China will ensure an “ample” supply of money, it said in a quarterly monetary-policy report posted on its Web site today. New lending surged [...]