Central Bank Targeted Reserve Requirement Ratio Cut

Must-See for Investors! Central Bank's Targeted Reserve Requirement Cut, What is the Impact?

Breaking news! On June 24, the People's Bank of China announced a "targeted reserve requirement cut": starting from July 5, 2018, the reserve requirement ratio for state-owned large commercial banks, joint-stock commercial banks, postal savings banks, urban commercial banks, non-county rural commercial banks, and foreign banks will be reduced by 0.5 percentage points. This is already the third targeted reserve requirement cut by the central bank this year.