Current：Home > MarketsChina cuts reserve requirements for bank to help boost its slowing economy -BeyondProfit Compass
China cuts reserve requirements for bank to help boost its slowing economy
Algosensey Quantitative Think Tank Center View
Date：2025-04-10 11:10:23
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！ (16865)
Related
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Rural Nevada sheriff probes potential hate crime after Black man says he was racially harassed
- Details on Zac Efron's Pool Incident Revealed
- Body believed to be Glacier National Park drowning victim recovered from Avalanche Creek
- Average rate on 30
- Georgia repeats at No. 1 as SEC, Big Ten dominate preseason US LBM Coaches Poll
- Swollen ankles are a common problem. From compression socks to elevation, here's how to get rid of them.
- Olympics 3x3 basketball is a mess. How to fix it before the next Games.
- Head of the Federal Aviation Administration to resign, allowing Trump to pick his successor
- Cystic acne can cause pain, shame and lasting scars. Here's what causes it.
Ranking
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- 'It's where the texture is': Menswear expert Kirby Allison discusses Italian travel series
- Watch as walking catfish washes up in Florida driveway as Hurricane Debby approached
- Heatstroke death of Baltimore worker during trash collection prompts calls for workplace safety
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Fast-moving San Bernardino wildfire torches hillside community, forcing evacuations
- 'It's where the texture is': Menswear expert Kirby Allison discusses Italian travel series
- Puddle of Mudd's Wes Scantlin arrested after allegedly resisting arrest at traffic stop
Recommendation
2 killed, 3 injured in shooting at makeshift club in Houston
Jenna Bush Hager Shares Sister Barbara Privately Welcomed Baby No. 2
What are the best tax advising companies? Help USA TODAY rank the top US firms
Nick Cannon Confirms He “Absolutely” Would Get Back With Mariah Carey
'No Good Deed': Who's the killer in the Netflix comedy? And will there be a Season 2?
Elon Musk sues OpenAI, renewing claims ChatGPT-maker put profits before ‘the benefit of humanity’
Gabby Thomas leads trio of Americans advancing to 200 track final at Paris Olympics
A guide to fire, water, earth and air signs: Understanding the Zodiac elements