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PBOC cut reserve requirement ratio for small banks, to release 280 billion funding


China will cut the reserve requirement ratios (RRRs) for small and medium-sized banks effective from May 15th, said the People's Bank of China (PBOC) in a statement on Monday, in a move to ramp up credit support to small companies as trade tensions intensify.

The move will release about 280 billion yuan ($41.23 billion) in long-term funding, which will be used for loans to small and private companies, said the central bank.

According to the statement . . .

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