RRR cuts to continue
CHINA’S central bank said yesterday that bank reserve requirement ratio cuts would continue this year to reward commercial banks that support agriculture and small businesses.
The central bank has cut the reserve requirement ratio this year for most of the country’s commercial banks as they provided credit support as required for agriculture and small businesses in 2016, said an official with the People’s Bank of China. The cuts will be effective from next Monday. To encourage credit support for agriculture and small businesses, the PBOC introduced directional bank reserve requirement ratio cuts in 2014. The list of commercial banks rewarded with lower deposit requirements are revealed in February every year.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证:沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证:31120180004
- |
- 网络视听许可证:0909346
- |
- 广播电视节目制作许可证:沪字第354号
- |
- 增值电信业务经营许可证:沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.