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AseanPlus News 15 Jan 2003 | 12:00 AM

Move to curb money laundering

CHINA has unveiled its first anti-money-laundering regulation in its war against the flow of #8220;dirty#8221; money, which threatens the prospect of its fast growing economy.

AseanPlus News 05 May 2003 | 12:00 AM

Agency to regulate banks

CHINA'S new banking commission officially started functioning last Monday, setting out on a mission to reform the country's banks ridden with bad loans and to stave off banking risks.

Business 27 Apr 2004 | 12:00 AM

Slowdown in China may impact Asia

MALAYSIA'S economy, forecast by the government to expand by between 6% and 6.5% this year, will grow a shade slower if China's overheating economy gets a much hoped-for respite, said Morgan Stanley managing director and chief economist Stephen Roach.

AseanPlus News 17 Sep 2004 | 12:00 AM

More people willing to put more money in banks

MORE Chinese people are willing to put more of their money in banks, despite the waning increase of savings deposits for the past seven consecutive months, according to a survey released by the People's Bank of China (PBOC) on Wednesday.

AseanPlus News 22 Feb 2005 | 12:00 AM

Banks can now set up fund firms

THE central government released a long-expected regulation yesterday to allow some pilot commercial banks to launch fund management companies, clearing the major policy obstacles for the reform.

AseanPlus News 11 May 2005 | 12:00 AM

Boost for bank card industry

CHINA'S central bank and other related government agencies have formulated guidelines and measures to accelerate the development of the burgeoning bank card industry.

Business 13 Jul 2005 | 12:00 AM

China uncovers 4.3bil yuan money laundering

China has uncovered 50 money laundering cases involving a total of 4.28 billion yuan, the central bank said.

AseanPlus News 21 Sep 2005 | 12:00 AM

Pledge to stabilise the yuan

China's central bank pledged on Monday to keep the newly unshackled yuan basically stable but urged fresh efforts to wean the economy off export-driven growth.

AseanPlus News 05 Jan 2006 | 12:00 AM

Exchange rate further reformed

CHINA announced a further move to reform its exchange rate forming mechanism yesterday, introducing an internationally prevalent price-finding mechanism in the inter-bank foreign exchange market.

AseanPlus News 23 Feb 2006 | 12:00 AM

Yuan to remain stable this year

CHINA'S central bank on Tuesday said the yuan would stay stable this year, while American manufacturers alleged the Chinese currency was 'undervalued' by as much as 40%.