Zhou Xiaochuan (1st R), China's central bank governor, speaks at a news conference on China's currency policy and financial reform held by the first session of the 12th National People's Congress (NPC) in Beijing, capital of China, March 13, 2013. (Xinhua/Wang Peng)

China should remain on high alert for inflation

China's central bank governor Zhou Xiaochuan said Wednesday that China should remain on high alert for inflation and the bank will take measures, including monetary policy adjustments, to stabilize prices. >>>More

China to maintain policy stability, continuity

China's central bank governor Zhou Xiaochuan said Wednesday China will maintain the stability and continuity of those "good policies" no matter who becomes new governor of the People's Bank of China. >>>More

Monetary measures to cool home prices to continue

Monetary policies to cool home prices in China will continue or even strengthen in the future, said the country's central bank governor Zhou Xiaochuan at a press conference on Wednesday.

The measures include down payment rates, special interests rates for housing loans and other measures, Zhou said. >>>More

Zhou stresses prudent, neutral monetary policy

China's central bank governor Zhou Xiaochuan Wednesday reiterated that the country's monetary policy will stay prudent and neutral in 2013.

China aims to keep its broad money supply (M2), which covers cash in circulation and all deposits, to grow at 13 percent this year and targets the inflation rate at 3.5 percent. >>>More

China warns on online payment safety

The People's Bank of China, the country's central bank, on Wednesday called for more people to be alert of potential risks concerning online payment methods.

About 40 percent of the 221 million people who use online payments regularly do not pay enough attention to safety, while 40 percent of consumers ignore possible risks when problems occur, said Zhou Jinhuang, deputy director of the PBOC's payment department. >>>More

Credit rating of railway bonds to remain intact

A senior central bank official said Wednesday that the credit rating of the bonds issued by the Ministry of Railways (MOR) will remain intact after the ministry's restructuring.

China plans to dismantle the MOR into administrative and commercial arms to reduce bureaucracy and improve railway service efficiency. The hefty debts of the ministry arouse worries of defaulting. >>>More