男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Year-ender: Major financial news of China

chinadaily.com.cn | Updated: 2019-12-23 06:40
Share
Share - WeChat

Central bank cuts the reserve requirement ratio three times

Lowering the banks' reserves will inject about 280 billion yuan ($41.23 billion) for long-term usage. [Photo/IC]

China's central bank, the People's Bank of China, cut the reserve requirement ratio three times within the year to bolster the economy.

China's central bank announced on Sept 6 it would cut the reserve requirement ratio for financial institutions by 50 basis points from Sept 16.

The People's Bank of China also announced on May 6 it would cut the reserve requirement ratio, or RRR for small and medium commercial banks starting on May 15.

After the cut, the RRR for about 1,000 rural commercial banks that operate in counties will be 8 percent, down from the current level of 10 percent to 11.5 percent for small-sized banks, according to the central bank.

Lowering the banks' reserves will inject about 280 billion yuan ($41.23 billion) for long-term usage. And the freed fund will be used for providing more loans to private, micro and small companies, the bank said in a statement.

That will further reduce funding cost for micro and small companies. It is also an implementation of the State Council's pledge to set up a lower RRR policy framework for small and medium-sized banks, according to the statement.

On Jan 4, the PBOC decided to cut the reserve requirement ratio by 1 percentage point in a move to increase loan funding sources of small, micro, and private businesses.

|<< Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next   >>|
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 达日县| 新巴尔虎左旗| 东乡族自治县| 沈丘县| 万荣县| 南乐县| 阳朔县| 大理市| 舟曲县| 青浦区| 开封县| 丹寨县| 张北县| 南阳市| 辉县市| 广水市| 呼图壁县| 鸡泽县| 闵行区| 宜丰县| 射阳县| 安义县| 象山县| 石狮市| 西丰县| 彰化市| 马关县| 梁山县| 大田县| 芷江| 乌鲁木齐县| 闵行区| 南华县| 宁国市| 阳城县| 台湾省| 枝江市| 云和县| 彰化市| 兴国县| 垫江县|