China's inflation jump fans rate rise talk Mar 11, 2010
The pace of credit growth halved in February, as expected, but some economists said the central bank would probably not wait long before increasing banks' required reserves for a third time this year and perhaps even raising borrowing costs. "We believe more decisive policy tightening measures than those that have been implemented so far ... are needed to prevent the economy from overheating," Goldman Sachs economists Yu Song and Helen Qiao said in a note to clients. (Sydney Morning Herald -- Business)
Lenders told to restrict new credit to local govts companies Feb 25, 2010
The CBRC has already ordered banks to check that their loans are not flowing into property or stock market speculation, while the central bank has twice raised banks required reserves and ordered some lenders to put up additional punitive reserves. The latest step could reduce some of the cash flowing into the stock market, as some of that credit was thought to have been used for speculative purposes, analysts said. (The Star Online, Malaysia -- Business)
China curbs more lending Feb 24, 2010
The CBRC this year has also ordered banks to check that their loans are not flowing into property or stock market speculation, while the central bank has twice raised banks' required reserves and ordered some lenders to put up additional punitive reserves. The newspaper also reported that the CBRC had ordered trust companies to ensure that they were not supplying credit to developers to build up reserves of land. (Sydney Morning Herald -- Business)
Copper up on softer dollar, China worries ebb Feb 23, 2010
Traders also expect optimism to be undermined by the recently announced increase in China banks' required reserves, expected to take effect on Thursday. However, one trader did report some consumer interest for restocking in Europe. (Business Report, South Africa)
Stocks, Oil Firmer on U.S. Economic Optimism Feb 22, 2010
The Chinese central bank raised banks' required reserves earlier this month. U.S. crude oil rose 0. (ABC News -- Business)
China inflation eases, but property bubbles Feb 11, 2010
The central bank has already started to tap on the monetary brakes, notably by raising banks' required reserves, and economists expect further tightening steps in the months to come. "Given the continued strength in real economic growth and the renewed expansion in credit supply, we believe it is important to stay highly vigilant on inflation," Yu Song and Helen Qiao, economists with Goldman Sachs, said in a note to clients. (Sydney Morning Herald -- Business)
China faces more cost pressures Feb 2, 2010
A half-point increase in required reserves that took effect on Jan 18 locked up 300 billion yuan. World markets tumbled in response to the tightening, which occurred much earlier than investors had expected. (The Star Online, Malaysia -- Business)
Chinas policy tightening spooks global markets Jan 27, 2010
China implemented a planned increase in required reserves for some banks yesterday, sources said, sparking heavy selling of Asian stocks that underscored how sensitive global investors are becoming to Beijings tightening of monetary policy. Qu Hongbin, chief China economist with HSBC in Hong Kong, said five major banks had suggested they had received instructions from authorities last week to slow new lending, but not stop it. (The Star Online, Malaysia -- Business)
China Tightening Fears Spook Investors, Hit Stocks Jan 26, 2010
SHANGHAI (Reuters) - China implemented a planned increase in required reserves for some banks on Tuesday, sources said, sparking knee-jerk selling of Asian stocks which underscored how sensitive global investors are to Beijing's tightening of monetary policy. The punitive increase in the amount of reserves some banks have to set aside, which was ordered last week, also came after a newspaper report said China's efforts to curb bank lending were meeting with mixed success, fueling fears that... (ABC News -- Business)
End to easy funding in China Jan 14, 2010
China took its strongest step towards tightening monetary policy on Tuesday as the worlds thirdlargest economy roars ahead, surprising investors with an increase in banks required reserves. Reuters. (The Star Online, Malaysia -- Business)
