China to cut reserve requirement ratio for foreign currency deposits
updatetime:2022-04-26 18:00:55
Views：0
Source：Xinhua
China's central bank announced Monday that it will cut the reserve requirement ratio for foreign currency deposits by 1 percentage point from the current 9 percent to 8 percent, starting from May 15.
The move aims to strengthen the management of foreign currencies in financial institutions, the People's Bank of China said in an online statement.
Web Editor：MXJ
Recommend
- China’s tax and fee cuts， deferrals help stabilize macroeconomy
- Pungent luosifen gains popularity， reaps sweet sales in foreign markets
- China to raise reserve requirement for forward forex trading to 20 pct
- Nation rolls out policies to attract foreign investment
- China’s foreign currency reserves at 3.0549 trln U.S. dollars
- Policy measures to grab what ‘golden September’ has to offer
Popular Videos
Hot comments
- First apes at U.S. zoo receive COVID-19 vaccine made for animals， zoo official says
- China Life： Chinese women shine with She Power
- Foreign firms approved to offer VPN services in capital
- Homemade curling videos trending in China
- 86-year-old grandma in Hebei spends most her life on traditional cheongsam
- Winners of 2022 Inaugural WLA Prize announced
- Lantern Festival： A romantic celebration in China
- Two Chinese COVID-19 vaccine firms to supply vaccines to COVAX
- Media center for 20th CPC national congress to open on Oct. 12
- Six suspects arrested in HK for role in SE Asia job scam
Top Reviews
- Young artists recreate beauty of traditional Hanfu costume
- China releases photos of tallest tree
- English version of ‘Understanding Xi Jinping’s Educational Philosophy’ published
- China crowned in men’s team for 10th straight time at table tennis worlds
- China publishes Atlas of Wildlife in SW China
- Guangxi’s 10 Years： A Visit to China’s Qinzhou Port
- Congress delegate helped lift village out of poverty
- Expo highlights joint efforts in NEV development
- Racism stain of shame on ‘world democratic paradise’
- U.S. may face new COVID wave this upcoming winter： report