China will go nationwide with its pilot program allowing multinationals to buy and sell yuan for non-trade items, the State Administration of Foreign Exchange said. The pilot scheme easing c... Read more
Authorities arrested at least five officials at Bank of China's Shanghai branch, state media reported. The arrests were reportedly in connection with former BOC Chief Executive Liu Jinba... Read more
The People's Bank of China issued guidelines allowing Shanghai banks to let brokerages use securities as collateral so they can borrow and expand. But the PBOC cautioned lenders they had... Read more
The State Administration of Taxation (SAT) announced that tax revenues increased by 26.2% in the first half of 2004. Total revenues were US$148.1 billion during the period, up US$32.4 billio... Read more
In a warning to banks on issuing loans for working capital, People's Bank of China Governor Zhou Xiaochuan said the proportion of working capital funds to the country's gross domesti... Read more
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