The story appears on

Page A8

February 22, 2017

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business

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.




 

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