Current：Home > NewsChina cuts reserve requirements for bank to help boost its slowing economy -GrowthSphere Strategies
China cuts reserve requirements for bank to help boost its slowing economy
View
Date：2025-04-13 00:16:22
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！ (148)
Related
- Federal appeals court upholds $14.25 million fine against Exxon for pollution in Texas
- Heavy rain is still hitting California. A few reservoirs figured out how to capture more for drought
- An economic argument for heat safety regulation
- See Tom Sandoval and Ariana Madix Defend Raquel Leviss Against Whore Accusations Before Affair Scandal
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Love Is Blind: These 2 Couples Got Engaged Off Camera in Season 4
- Canadian military to help clean up Fiona's devastation
- Travis Barker’s Daughter Alabama Shares Why Kourtney Kardashian Is the Best Stepmom
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- How King Charles III's Coronation Program Incorporated Prince Harry and Meghan Markle
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Climate change likely helped cause deadly Pakistan floods, scientists find
- Interest In Electric Vehicles Is Growing, And So Is The Demand For Lithium
- Drake Bell’s Wife Janet Von Schmeling Files for Divorce After His Disappearance
- Bodycam footage shows high
- An ornithologist, a cellist and a human rights activist: the 2022 MacArthur Fellows
- Winter storm sending heavy snow where California rarely sees it
- Republicans get a louder voice on climate change as they take over the House
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
We Can't Calm Down After Seeing Taylor Swift's Night Out With Gigi Hadid, Blake Lively and HAIM
Elon Musk Speaks Out After SpaceX's Starship Explodes During Test Flight
Arctic chill brings record low temperatures to the Northeast
Senate begins final push to expand Social Security benefits for millions of people
As hurricanes put Puerto Rico's government to the test, neighbors keep each other fed
EPA seeks to mandate more use of ethanol and other biofuels
Greta Thunberg's 'The Climate Book' urges world to keep climate justice out front