Three-yuan, Yongxin Longyuankou Bridge 1955-3-1
Both sides are gravure printed with offset printing shading. The front is a picture of Yongxin Longyuankou Bridge in dark green
Author: rmbee
One-yuan, Baota Mountain 1955-3-1
Both sides are gravure printed with offset printing shading. The front is a picture of Baota Mountain in blue;
One-yuan, Tiananmen 1955-3-1
Both sides are gravure printed with offset printing shading. The front is a picture of Tiananmen in red;
Five-jiao (50 cents), hydropower 1955-3-1
The front is a picture of a hydropower station, gravure-printed in purple tones;
Two-jiao (20 cents), train 1955-3-1
The front is a picture of train, offset printed with a light purple background, and the gravure printed with black and green tones;
One-jiao (10 cents), tractor 1955-3-1
The front is a picture of tractor, offset printed on a light grass green background, with shading, and gravure printed in brown and yellow tones
Five-fen (5 cents), ship 1955-3-1
The front is the ship Hailiao in green; the back is the national emblem in green. Double-sided offset printing without watermark.
Two-fen (2 cents), plane 1955-3-1
On the front is a picture of the Lisunov Li-2 transport aircraft aided by the Soviet Union in China, in blue; on the back is the national emblem, in blue. Double-sided offset printing without watermark. The banknote was issued on March 1, 1955. On July 14, 1981, a version without…
One-fen (1 cent), truck 1955-3-1
On the front is a picture of the ZIS-150 truck that the Soviet Union aided China (rather than the Liberation CA10), in yellow; on the back is the national emblem, in yellow.
Five-fen (5 cents) coin 1957-12-1
Front: National emblem and country name. Reverse: ears of wheat, denomination and year number
Two-fen (2 cents) coin 1957-12-1
Front: National emblem and country name. Reverse: ears of wheat, denomination and year number. Diameter: 21mm
One-fen (1 cent) coin 1957-12-1
Front: National emblem and country name. Reverse: ears of wheat, denomination and year number. Diameter: 18mm
Macro-control Policies Proved Effective, and Financial Industry Performance Remained Healthy and Stable
In the first half of 2004, under the steering of the State Council, the People’s Bank of China (PBC) used various monetary policy instruments, including strengthened open market operations and differentiated required reserve ratios for financial institutions, to appropriately control the growth of base money and the faster than desired expansion of money and credit.
Videoconference Held to Promote the Extension of Micro Credit
Tosupport the reemployment of unemployed laid-off workers and promote theimplementation of micro guaranteed credit policy, the People’s Bank of China,the Ministry of Finance, the Ministry of Labor and Social Security and theChina Banking Regulatory Commission jointly held a videoconference on promotingthe implementation of micro credit policy on the morning of July 6, 2004.
Highlights of China’s Monetary Policy in the First Quarter of 2004
OnJanuary 1st, with the approval of the State Council, the PBCbroadened the floating range of financial institutions’ lending rates. Theupper limit of commercial banks and urban credit cooperatives’ lending rateswas raised to 1.7 times the benchmark lending rate, with that of rural creditcooperatives’ lending rates to 2 times the benchmark lending rate, while thelower limit of financial institutions’ lending rates stayed at 0.9 times thebenchmark lending rate.
Governor Zhou Xiaochuan Stressed to Closely Monitor Economic and Financial Developments and Strengthen and Improve Macro Financial Management
ThePBC’s Branch Presidents Conference was held in Beijing on June 17, 2004. With apurpose of fully implementing the guiding principles and policies set by theCPC Central Committee and State Council on macroeconomic management, theconference reviewed the work in the first half of this year, analyzed currenteconomic and financial situation, and laid out the plans to be carried out inthe second half of this year.
Performance of the Financial Industry Remained Sound and Stable, and Macro-Control Policies Started to Take Effect
Performance of the financial industry remained sound and stable this May, and macro-control policies started to take effect. Growth of money supply and loans moderated though medium and long term loans and foreign currency loans kept on increasing fast; growth of household savings deposits continued to fall; the money market interest rate and the exchange rate of Renminbi remained stable.
Financial Industry Performance Remained Sound and Stable and the Effect of Monetary Policy Continued to unwind
InJanuary, the performance of financial industry remained sound and stable.Growth of money supply witnessed large deceleration. RMB loans expanded RMB65.6billion yuan less than last January, and the growth of all types of loans byfinancial institutions continued to decelerate. Corporate deposits declinedmarkedly while household savings deposits grew rapidly. Inter-bank marketwitnessed active transactions and interest rates in the money market sawmoderate rise.
PBC released Semi-annual Monetary and Financial Statistics
Financial institutions referred to in this table include the People’s Bank of China, policy banks, State-owned commercial banks, other commercial banks, city commercial banks, UCCs, RCCs, rural commercial banks, TICs, financing companies, leasing companies, postal savings institutions and foreign-funded financial institutions.
State Council Appoints New Monetary Policy Committee
The StateCouncil has recently appointed new members into the Monetary Policy Committee.The Committee is now chaired by Mr. Zhou Xiaochuan, Governor of the People’sBank of China and comprises 12 other members.