Current：Home > NewsChina cuts reserve requirements for bank to help boost its slowing economy -TradeBridge
China cuts reserve requirements for bank to help boost its slowing economy
View
Date：2025-04-16 01:12:33
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！ (37)
Related
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Police: Father arrested in shooting at Kansas elementary school after child drop off
- Elle King Is Pregnant, Expecting Baby No. 2 With Dan Tooker
- See Christina Hall's Lavish Birthday Gift for Daughter Taylor's 14th Birthday
- Why members of two of EPA's influential science advisory committees were let go
- MLB power rankings: Late-season collapse threatens Royals and Twins' MLB playoff hopes
- Losing weight with PCOS is difficult. Here's what experts recommend.
- Clemen Langston: Usage Tips Of On-Balance Volume (OBV)
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Kmart’s blue light fades to black with the shuttering of its last full-scale US store
Ranking
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Dancing With the Stars' Sasha Farber Raises Eyebrows With Flirty Comment to Jenn Tran
- Boeing makes a ‘best and final offer’ to striking union workers
- GM, Ford, Daimler Truck, Kia among 653,000 vehicles recalled: Check car recalls here
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- Victoria Monét reveals she and boyfriend John Gaines broke up 10 months ago
- Father turns in 10-year-old son after he allegedly threatened to 'shoot up' Florida school
- The NYPD often shows leniency to officers involved in illegal stop and frisks, report finds
Recommendation
Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
The boyfriend of a Navajo woman is set to be sentenced in her killing
Keith Urban Shares Update on Nicole Kidman After Her Mom’s Death
Birmingham shaken as search for gunmen who killed 4 intensifies in Alabama
A Mississippi company is sentenced for mislabeling cheap seafood as premium local fish
Kentucky judge allegedly killed by sheriff remembered for public service as residents seek answers
You can't control how Social Security is calculated, but you can boost your benefits
Ryan Murphy Responds to Eric Menendez’s Criticism of Monsters: The Lyle and Erik Menendez Story