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No currency swap exercised yet between HK, mainland for liquidity shortage: central bank governor

Zhou Xiaochuan (R), governor of the People's Bank of China,  answers a question during a press conference on dealing with  the global financial crisis and maintaining steady and  relatively rapid economic growth held by the Second Session  of the 11th National People's Congress (NPC) at the Great  Hall of the People in Beijing, capital of China, March 6,  2009. Zhang Ping, minister in charge of the National  Development and Reform Commission of China, and Chinese  Finance Minister Xie Xuren also attended the press conference. (Xinhua/Rao Aimin)

The mainland and Hong Kong have not been forced to use the currency pool, which is a result of a currency swap agreement between the two sides, China's central governor Zhou Xiaochuan said here Friday.

The Chinese mainland and Hong Kong signed a three-year currency swap deal worth 200 billion yuan (28.6 billion U.S. dollars) on Jan. 20, aimed at helping stabilize Hong Kong's economy and its currency.  Full story>>

China´s monetary policy takes effect, further moderate adjustment possible: central bank governor

China has acted fast amid the global financial crisis to ease its monetary policy that is beginning to take effect, said central bank governor Zhou Xiaochuan on Friday.

China has shifted from a tight monetary policy implemented in early 2008 to a moderately easy one as the international financial turmoil spread in the later half of the year, he told a press conference on the sidelines of the parliament's annual session.  Full story>>

Editor:Liu Anqi