People's Bank helps regions hit by quake

The People's Bank of China has announced a raft of measures aimed at aiding the regions worst hit by last week's earthquake.

Though the reserve requirement ratio rose half a point to 16.5% on Tuesday, the six hardest-hit regions in Sichuan province will be allowed to temporarily keep their ratios at 16%.

Individuals and businesses defaulting on loan payments due to the quake would not be held accountable.

The central bank pledged Rmb1.5 billion ($215m) to Chengdu, the capital of Sichuan

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: