Hong Kong's benchmark Hang Seng Index climbed 2.1%, and the Hang Seng China Enterprises Index advanced 2.6%. The People's Bank of China (PBOC) will make better use of aggregate and structural policy tools to stabilise growth, employment, effectively support domestic demand, it said on Friday.
The Philippine peso hit a more than two-month high on Monday, while Thailand's baht led gains in emerging Asia with markets awaiting the country's first parliamentary session following the May election scheduled to take place later in the day.
(Reuters) - China's ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank's party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor. The
China's ruling Communist Party appointed central bank Deputy Governor Pan Gongsheng as the bank's party secretary on Saturday, a move the Wall Street Journal said would be a prelude to becoming governor.