Current：Home > InvestChina cuts reserve requirements for bank to help boost its slowing economy -Elite Financial Minds
China cuts reserve requirements for bank to help boost its slowing economy
View
Date：2025-04-14 06:15:04
BANGKOK (AP) — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy.
The announcement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%.
Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy.
He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.
veryGood！ (61)
Related
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Oklahoma City Thunder show it has bark in tight Game 1 win over New Orleans Pelicans
- QSCHAINCOIN FAQ
- Stephanie Sparks, longtime host of Golf Channel's reality series 'Big Break,' dies at 50
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- What do otters eat? Here's what's on the menu for river vs sea otters.
- Tennessee Gov. Lee admits defeat in school voucher push
- When is Passover 2024? What to know about the Jewish holiday and why it's celebrated
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Cuts in Front
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- Two stabbed, man slammed with a bottle in Brooklyn party boat melee; suspects sought
- Rep. Tom Cole says the reservoir of goodwill is enormous for House Speaker amid effort to oust him
- Parents arrested after 1-month-old twins were found dead at Houston home in October 2023
- How to watch new prequel series 'Dexter: Original Sin': Premiere date, cast, streaming
- Arch Manning ends first two Texas football spring game drives with touchdowns
- What we know about the shooting of an Uber driver in Ohio and the scam surrounding it
- From Sin City to the City of Angels, building starts on high-speed rail line
Recommendation
Meta releases AI model to enhance Metaverse experience
Former Houston Astros Prospect Ronny Garcia Dead at 24 After Traffic Accident
Oprah Winfrey and Dwayne Johnson pledged $10M for Maui wildfire survivors. They gave much more.
Meg Bennett, actress who played Victor Newman's first wife on 'Young and the Restless,' dies at 75
Federal court filings allege official committed perjury in lawsuit tied to Louisiana grain terminal
‘Civil War’ continues box-office campaign at No. 1
The Lyrid meteor shower peaks this weekend, but it may be hard to see it
'Shōgun' finale: Release date, cast, where to watch and stream the last episode