China cuts reserve requirements for small banks

Li Keqiang had called for more stimulus

China’s central bank has pledged to cut reserve requirement ratios for small and medium-sized banks effective from May 15, releasing 280 billion yuan ($41.56 billion) in long-term funding.

The policy measure will reduce the reserve requirement ratio for roughly 1,000 rural commercial banks to 8%, the lowest level for banks in China, down from 11.5%.

The announcement on May 6 came weeks after Chinese premier Li Keqiang urged the central bank to lower the reserve requirement ratios for small and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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 individual account here: