a representative from the People’s Bank of China

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For the first time, secret balloting has been used to select new executives in a round of personnel changes at the China Securities Regulatory Commission (CSRC). All CSRC executives from mid-level positions and up were allowed to cast ballots. Each voter technically could name his or her favorites for the jobs, without having to choose from an official candidate list.
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Bank lending increased by more than 1.6 trillion yuan in January,louboutin, while consumers stashed their cash in savings accounts. New loans rose to a record and the money supply expanded in January at its fastest pace since December 2003, according to statistics released by the central bank. Banks savings deposits also increased rapidly during the month,louboutin pas cher, underscoring consumer uncertainty about the slowing Chinese economy.
Personnel changes at the state-owned investment firm China Jianyin have been announced,nike soccer cleats, signaling a shift in responsibilities for government investors. Meanwhile,moncler quincy, the bulk of state holdings in financial companies under Jianyin have been moved to Central Huijin,moncler quciny, which is responsible for restructuring state-owned banks and securities firms.








Indications from China’s central bank that interest rates will soon be set afloat on the market have Chinese commercial banks worrying about decreased earnings. At an annual workshop in January, a representative from the People’s Bank of China,christian louboutin pas cher, China’s central bank,moncler, proposed “steadily promoting the marketization of banking interest rates.” If this happens, it will pose a challenge to Chinese banks’ traditional reliance on interest income.

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