Current：Home > ContactChina cuts reserve requirements for bank to help boost its slowing economy -Wealth Evolution Experts
China cuts reserve requirements for bank to help boost its slowing economy
View
Date：2025-04-14 08:54:11
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！ (2)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- NSYNC drops first new song in over 20 years: Listen to 'Better Place'
- Afghan embassy says it is stopping operations in Indian capital
- From vegan taqueros to a political scandal, check out these podcasts by Latinos
- Costco membership growth 'robust,' even amid fee increase: What to know about earnings release
- A Spanish court rejects appeal to reopen the investigation into tycoon John McAfee’s jail cell death
- Tropical Storm Philippe and Tropical Storm Rina could merge, National Hurricane Center says
- Federal agencies detail impacts of government shutdown with deadline fast approaching
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Drake postpones show in Nashville again, reschedules for early October
Ranking
- At site of suspected mass killings, Syrians recall horrors, hope for answers
- Ukraine’s 24/7 battlefield drone operation: Reporter's Notebook
- Overworked and understaffed: Kaiser workers are on the brink of a nationwide strike
- Utah and Arizona will pay to keep national parks open if federal government shutdown occurs
- In ‘Nickel Boys,’ striving for a new way to see
- Justin Timberlake needs to be a character actor in movies. Netflix's 'Reptile' proves it.
- Jawlene, Jawlene! Florida alligator missing top jaw gets punny Dolly Parton name
- Wisconsin Senate committee votes against confirmation for four DNR policy board appointees
Recommendation
Questlove charts 50 years of SNL musical hits (and misses)
A Spanish court rejects appeal to reopen the investigation into tycoon John McAfee’s jail cell death
'I'm happy that you're here with us': Watch Chris Martin sing birthday song for 10-year-old on stage
Best and worst performances after a memorable first month of the college football season
Trump's 'stop
Before senior aide to Pennsylvania governor resigned, coworker accused adviser of sexual harassment
The Golden Bachelor: A Celeb's Relative Crashed the First Night of Filming
A new Spanish law strengthens animal rights but exempts bullfights and hunting with dogs