Press "Enter" to skip to content

PBOC moves to expand coverage of targeted reserve cuts to boost economy

(The article has 700 words)

The People’s Bank of China said it’ll lower the threshold for companies to be qualified for banks targeted reserve-requirement ratio (RRR) cuts, a move aimed at boosting the impact of a previous easing step as the world's second largest economy is seeing worsening slowdown amid trade tensions with the United States.

Loans to small- and micro-sized enterprises with a credit line of less than 10 million yuan will qualify for RRR cuts, up from the previous standard of 5 million yuan, according to a . . .

To continue reading, please subscribe:

SUBSCRIBE

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

Not satisfied with general information that you can get everywhere? Join us now! We go deeper to bring you details, data and perspectives you won't read elsewhere!

What you'll get:

  • In-depth & data-driven reporting on China's economy and financial markets
  • Daily Brief newsletter delivered before market open every weekday. You don't have to spend time to source information about this market. We do it for you! You only need to spend 10 minutes every day to read our newsletter! Sample here.
  • Exclusive interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

 

Top