Chinese Premier signals reserve ratio cut, encourages large banks to lower provision coverage to support economy

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

Chinese Premier Li Keqiang on Wednesday signals bank reserve ratio cut, encourage large banks to lower provision coverage ratio, vowed to roll out measures to boost consumption, as part of efforts to support the economy amid rising downward pressure.

China should use monetary policy tools such as lowering banks' reserve requirement ratio (RRR) at an appropriate time to increase financial support to the real economy, especially the sectors, small companies and individual businesses hit hard . . .

Sign In or Subscribe To Get Full Access.

Everything you need about China markets is on THE WIRE - one timeline with up-to-the-minute updates throughout every trading day.

Follow China Market In The Most Efficient Way!

TRY US FOR FREE

We offer limited-time welcome discount to let more people experience the value of our exceptional services. Don't Miss Out - Grab it!