Current：Home > reviewsChina cuts reserve requirements for bank to help boost its slowing economy -Prime Capital Blueprint
China cuts reserve requirements for bank to help boost its slowing economy
View
Date：2025-04-16 00:36:07
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！ (7518)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- New to US: Hornets that butcher bees and sting people. Humans are fighting back.
- Rodeo star Spencer Wright holding onto hope after 3-year-old son found unconscious in water a mile from home
- Massive wind farm proposal in Washington state gets new life from Gov. Jay Inslee
- A South Texas lawmaker’s 15
- Pennsylvania Rep. Dwight Evans says he’s recovering from a minor stroke
- Do you need a college degree to succeed? Here's what the data shows.
- The bodies of two Kansas women who disappeared in Oklahoma were found in a buried freezer
- North Carolina justices rule for restaurants in COVID
- Andy Reid shows he's clueless about misogyny with his reaction to Harrison Butker speech
Ranking
- Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
- Senate border bill vote fails again as Democrats seek to shift blame to GOP
- UCLA's police chief 'reassigned temporarily' after campus protests on Israel-Hamas war
- Vermont governor vetoes bill requiring utilities to source all renewable energy by 2035
- Newly elected West Virginia lawmaker arrested and accused of making terroristic threats
- Wheel of Fortune Contestant's NSFW Puzzle Answer Leaves the Crowd Gasping
- Alaska mayor who wanted to give the homeless a one-way ticket out of Anchorage concedes election
- Why Kim Kardashian Is Feuding With “Miserable” Khloe Kardashian
Recommendation
Google unveils a quantum chip. Could it help unlock the universe's deepest secrets?
Get Summer-Ready with These Old Navy Memorial Day Sales – Tennis Dresses, Shorts & More, Starting at $4
Jennifer Lopez shuts down question about Ben Affleck divorce: A timeline of their relationship
Florida calls for probe of Starbucks' diversity policies
FACT FOCUS: Inspector general’s Jan. 6 report misrepresented as proof of FBI setup
Kelly Rowland Breaks Silence on Cannes Red Carpet Clash
Why Robert Downey Jr. Calls Chris Hemsworth the Second-Best Chris
Pennsylvania lawmakers question secrecy around how abuse or neglect of older adults is investigated