Related News

Home » Business » Finance

China freezes more money by raising reserve ratio

CHINA'S central bank today required banks to set aside more capital from lending to control liquidity against rising inflation risk.

Commercial banks in China will face a 50 basis point increase on reserve requirement ratio from November 16, the People's Bank of China said on its Website today.



 

Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend