Press Interpreter

03/24/06 -- In The Draft Proposal, Petty Loan Companies Are Not Allowed to Receive Public Deposits -- “Under the circumstances wherein China’s credit environment is still imperfect, if individuals or specialized companies were allowed to use equity capital to make small loans, in accordance with laws drafted by regional governments and subject to the constraints of contract law, then perhaps the normalization of private finance will slowly become a realistic alternative.� On March 22 at the Asia-Pacific Regional Small Loan Forum, Wu Xiaoling, a vice president at the People’s Bank of China, spoke thusly. Yi Gang, the Assistant to the President of the People’s Bank of China, read the statement aloud on her behalf.

07/09/05 -- CNOOC* and Chevron square off, forming the kind of spectacle that is scarcely seen in the international oil and procurement markets. Because of the entry of more and more economic and political factors, and development banks, the stage is set for this to become a remarkable conflict.

04/16/05 -- By the time the Olympics is held in Beijing in 2008, China's foreign currency reserve might exceed 1 trillion USD. We believe that the highly concentrated flow of capital directed by China's Foreign Reserve Management Bureau will influence the world financial market, in a way similar to those of the petro dollars in the 70s and the Japanese USD in the 80s. Thus we call it Chinese USD.

03/28/05 -- December 16th, 2004, was an ordinary Thursday. That evening in Beijing, the China Construction Bank Shareholding Company Ltd (hereafter Construction Bank) chairman Zhang Enzhao was named "Economic Person of the Year", and debuted on the CCTV's television program "Economic Half Hour".

03/17/05 -- One legislative item on the Standing Committee of Beijing Municipal People’s Congress schedule for 2005 has drawn particular attention. In March, the committee will consider the abolition of the ‘Regulations for the Management of Migrant Workers Engaging in Work or Business in Beijing’ – regulations that came into force a decade ago, in July 1995.