Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

China cuts RRR for small, medium-sized banks

By Chen Jia | chinadaily.com.cn | Updated: 2020-04-03 17:16
Share
Share - WeChat
A teller counts cash at a bank branch in Hangzhou, capital of East China's Zhejiang province. [Photo by Hu Jianhuan/For China Daily]

BEIJING - The People's Bank of China, the central bank, announced on Friday to cut the cash amount reserved in some rural and city commercial banks, or the reserve requirement ratio, by 1 percentage point, with drops of 0.5 percentage points each on April 15 and May .

This will release about 400 billion yuan ($56.4 billion) in liquidity into the financial sector.

It also decided to cut the interest rate the central bank pays on excess reserves deposited by all financial institutions, or the IOER, to 0.35 percent from 0.72 percent, the first such cut in 12 years.

The central bank cut the IOER from 0.99 percent to 0.72 percent in 2008, to ease the headwinds of the global financial crisis.

On average, every small and medium bank will receive about 100 million yuan from the RRR cut, and it will save nearly 6 billion yuan in financing costs for these banks. The RRR for more than 4,000 small and medium depositary institutions will drop to 6 percent, a relatively low level historically according to the PBOC.

The two measures will further encourage commercial banks to increase credit to small and medium enterprises, and offset impact of the novel coronavirus on the economy, it said.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 日韩欧美一区二区三区四区 | 99RE久久精品国产| 日本在线观看中文字幕| 亚洲熟妇AV乱码在线观看| 老鸭窝在线视频观看| 国产精品视频全国免费观看| 三色堂明星合成论坛| 日韩精品中文字幕视频一区| 亚洲福利在线看| 亚洲精品自产拍在线观看| 韩国免费毛片在线看| 国产精品自线在线播放| 一定要抓住电影在线观看完整版| 日韩影视在线观看| 亚洲欧洲无码一区二区三区| 精品卡2卡3卡4卡免费| 国产又粗又猛又大的视频 | 女的扒开尿口让男人桶| 久久久久99精品国产片| 欧美一级专区免费大片俄罗斯| 人人狠狠综合久久亚洲| 美女视频一区二区| 国产女人aaa级久久久级| 18男同少爷ktv飞机视频| 天堂www网最新版资源官网 | 男人精品网站一区二区三区| 国产va免费精品高清在线观看| 韩国福利一区二区美女视频| 国产高清av在线播放| а√天堂资源地址在线官网| 无码中文字幕av免费放| 久久综合九色欧美综合狠狠| 欧美日韩一区二区三区四区在线观看| 免费a级毛片18以上观看精品| 羞羞视频免费网站在线看| 国产在线19禁在线观看| 婷婷综合激情网| 国产精品线在线精品| 99热在线精品观看| 好男人在线社区www| 中文字幕一区视频|