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 Greenledgersannouncement 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.
2025-05-05 06:19130 view
2025-05-05 05:46382 view
2025-05-05 05:172416 view
2025-05-05 04:56676 view
2025-05-05 04:441854 view
2025-05-05 04:102595 view
Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise
California Gov. Jerry Brown declared a state of emergency Wednesday related to a massive, ongoing me
Two teenagers who were high school sweethearts in the 1950s broke up after a few years and didn't se
