No change in monetary policy: central bank
Updated: 2015-03-12 15:06
Zhou Xiaochuan, head of People's Bank of China, smiles while taking questions from journalists from home and abroad during an ongoing press conference on March 12, 2015. [Photo / Xinhua]
Yuan restrictions in Taiwan to be eased
The 20,000 yuan per person per day limit of renminbi currency conversions for Taiwan people will be loosened as renminbi business develops and demand grows, said Zhou.
The Taipei branch of Bank of China has been engaged in the renminbi offshore settlement and clearance business.
Interest rate liberalization likely this year
We have made great progress in the process of interest rate liberalization and the deposit rate ceiling was raised to 130 percent of the one-year benchmark deposit rate, said Zhou.
This year, it is very likely for China to fully open the ceiling limit of interest rate, Zhou added.
Silk Road Fund to target strategic projects
"There is no hard boundaries geographically where the Silk Road Fund goes, relative programs are welcome to join as long as there's need," according to Jin Qi, head of Silk Road Fund.
This first private-equity fund has finished business registration and started operating and will keep selecting good investment opportunities in the process of development, according to Jin.