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  • Starting today, the People's Bank of China has lowered the deposit reserve ratio for Financial Institutions by 0.5 percentage points.

Starting today, the People's Bank of China has lowered the deposit reserve ratio for Financial Institutions by 0.5 percentage points.

AASTOCKS ·  May 15 07:38

Starting today (15th), the People's Bank has reduced the reserve requirement ratio for Financial Institutions by 0.5 percentage points, which will provide long-term liquidity of about 1 trillion yuan to the market; and has also reduced the reserve requirement ratio for Autos finance companies and financial leasing companies by 5 percentage points. (ta/w)

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