PBoC cuts reserve requirement in bid to support lending to smaller firms

rmb-china

The People’s Bank of China will lower the reserve requirement ratio (RRR) for selected banks by one percentage point, in an attempt to increase lending to smaller firms.

The PBoC has also told the banks involved that they must use approximately one-third of the funds made available by the move to support lending to smaller businesses.The cut in the RRR will be effective from April 25, according to the PBoC’s announcement on April 17.

The lower reserve requirement will free up approximately 1.3

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: http://subscriptions.centralbanking.com/subscribe

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

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 individual account here: