Zhou Xiaochuan: Development of China’s inter-bank market Address by Dr Zhou Xiaochuan, Governor of the People’s Bank of China, at the opening ceremony of the Shanghai Clearing House, Shanghai, 28 November 2009. *  *  *  Mayor Han Zheng, Distinguished guests, Dear colleagues, Ladies and gentlemen, Good morning. Today, we gather here to celebrate the establishment of the Shanghai Clearing House.
However, we would like to stress that those spikes have likewise abated, again once the market absorbed the information on the rescue plan. Assessing our market landscape What we are suggesting Mr. Chairman is that our own market’s reaction has been relatively subdued despite the otherwise historic developments offshore. We attribute this to our own structural make-up specifically.