More News
TRADE FINANCE | Cesar Tordesillas, China

China's reserve ratios for cooperative banks to go down

China’s central bank said the requirement for reserve ratio of 16.5 percent for more than 20 rural cooperative banks will expire this month, and it will revert back to 16 percent.


This was announced by the the Hangzhou branch of the People’s Bank of China today.

The central bank imposed an extra 50 basis points of reserve ratio requirement on those cooperatives on Nov. 25, 2010, for a year, it said.

For the source of this story, click here.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.