Home>News Center>China
       
 

Central bank opens Shanghai headquarters
(Xinhua)
Updated: 2005-08-10 13:53

The People's Bank of China, or the central bank, inaugurated its second headquarters in Shanghai, the country's financial hub, on Wednesday.

Zhou Xiaochuan, governor of the central bank, said the Shanghai headquarters was designed to improve the central bank's capability to regulate the country's financial market and provide better service.

"Under the current situation, the central bank's existing structure can not meet the need" of the country's economic development, he said.

The second central bank headquarters is an institution at the vice-ministerial level. Vice Governor Xiang Junbo will be in charge of it.

With the establishment of the Shanghai headquarters, some departments of the central bank whose businesses are closely related to the market will be moved to the eastern China metropolis.

The second headquarters will perform the central bank's executive functions, while the policy making function will remain with the Beijing headquarters, according to local officials.

The Shanghai headquarters will shoulder five tasks, which include regulating the financial market, conducting financial supervision, making financial and trust analysis, and coordinating regional financial cooperation.

The central bank's Shanghai headquarters will be composed of 16-18 departments or centers with the staff to be enlarged to 700 within three years.

The headquarters will be located in financial area of Lujiazui in Shanghai's Pudong New District.

The Shanghai Branch of the central bank will remain, and the new headquarters will be separated from it.

Shanghai has long been deemed as the financial center of China as a lot of leading Chinese financial institutions, such as China's foreign exchange market, the interbank lending market, the gold market, the diamond market as well as the Shanghai Stock Exchange, are located in the municipality.

At the end of last year, Shanghai had 300 financial institutions and more than 10 percent of the market share went to foreign investors.

To further improve the central bank's management, Zhou said previously the central bank would possibly transfer some of its nationwide businesses, such as payment and liquidation as well as a consulting system for national credit information, to Shanghai and hence set up the second headquarters there.

Analysts say the second headquarters will draw the central bank closer to the financial market.

On the reform of China's currency exchange rate system, Zhou reiterated Wednesday the central bank would take into consideration a basket of selected currencies.

The countries and regions and their currencies that take a comparatively major position in China's foreign economic activities concerning foreign trade, foreign debt and foreign direct investment will be taken into account when the center bank adjusts the exchange rate of the Chinese yuan, known as renmibi, said the governor.

"They will constitute the basket of the currencies and be weighted accordingly," said Zhou.



Chimpanzee suffers from smoking addiction
The tide is high but they're holding on
China, Russia military drills stage landing
  Today's Top News     Top China News
 

EU, China begin talks on textile row

 

   
 

Joint forces storm beaches at climax of drills

 

   
 

Taiwan students on mainland given level fees

 

   
 

Japan, China to jointly develop 4G mobile

 

   
 

China says market to decide yuan's value

 

   
 

CCTV sends record invitations for festival

 

   
  Temasek close to buying BOC stake - FT
   
  N. Korea nuclear talks likely as planned
   
  Japan, China to jointly develop 4G mobile
   
  Two bus accidents claim 33, injure 56
   
  NPC debates further raising tax threshold
   
  Farmers protest over alleged lead poisoning
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
主站蜘蛛池模板: 男女超级黄aaa大片免费| 女人18毛片水真多国产| 日本三级欧美三级人妇视频黑白配| 亚洲成a人片在线观看中文| 粉色视频在线播放| 国产99视频精品草莓免视看| 国产精品真实对白精彩久久| 国产精品第6页| 亚洲国产91在线| 男人扒开女人的腿做爽爽视频| 噜噜噜噜天天狠狠| 雨宫琴音加勒比在线观看| 国产欧美亚洲精品第一页久久肉| 91丁香亚洲综合社区| 大香伊人久久精品一区二区 | 国产无遮挡又黄又爽在线观看| 2021乱理片宅它网| 国语对白清晰好大好白| igao视频网站| 好男人在线神马影视在线观看www| 中文字幕38页| 无码人妻精品一区二区| 久久人妻av一区二区软件| 日韩精品专区在线影院重磅 | 老太脱裤让老头玩ⅹxxxx| 国产亚洲精品aa片在线观看网站 | 被cao的合不拢腿的皇后| 国产在线拍揄自揄视精品不卡| 人与动人物欧美网站| 国产福利短视频| 亚洲综合校园春色| 国产精品三级在线观看无码| 在线视频你懂的国产福利| 国产精品美女久久久浪潮av| 91成人在线免费观看| 国产青草视频免费观看97| 91精品欧美产品免费观看| 国自产精品手机在线观看视频 | 最好看的中文字幕视频2018| 亚欧成人中文字幕一区| 男女超级黄aaa大片免费|