Industries > Finance

China's central bank to cut forex reserve requirement ratio by 2 percentage points

BEIJING
2023-09-01 11:07

Already collect



BEIJING, Sept. 1 (Xinhua) -- China's central bank said on Friday that it will cut forex reserve requirement ratio for financial institutions by 2 percentage points from Sept. 15.

The reserve requirement ratio will be reduced to 4 percent from the current 6 percent, the People's Bank of China said in a short notice on its website.

The move aims to improve the capacity of financial institutions to use forex funds, according to the notice.
Add comments

Latest comments

Latest News
News Most Viewed