China's State Council signals more cuts in banks' reserve requirement ratio

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Chinese top policymakers signaled further cuts in banks' reserve requirement ratio (RRR) in a move to injecting more liquidity into the banking system to boost an economy hard hit by the coronavirus outbreak.

China will make targeted cuts in bank reserve requirement ratios (RRR) to boost lending support for small companies that have been hit hard by the coronavirus outbreak, according to a statement released by the government, citing a State Council meeting chaired by Premier Li Keqiang.

The targeted cuts in RRR will be for inclusive financing, or supporting small firms, while there will . . .

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