Current：Home > FinanceChainkeen|China cuts reserve requirements for bank to help boost its slowing economy -Prime Capital Blueprint
Chainkeen|China cuts reserve requirements for bank to help boost its slowing economy
Burley Garcia View
Date：2025-04-06 22:48:37
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 Chainkeenannouncement 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！ (81815)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Lions could snap Detroit's 16-year title drought: Here's the last time each sport won big
- Judge to fine a Massachusetts teachers union an extra $50,000 a day if 6-day strike continues
- Coco Gauff eliminated from Australian Open in semifinal loss to Aryna Sabalenka
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Alaska Airlines returns the 737 Max 9 to service with Seattle to San Diego flight
- CIA Director William Burns to travel to Europe for fourth round of Gaza hostage talks
- Illegal border crossings from Mexico reach highest on record in December before January lull
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Brittany Watts, Ohio woman charged with felony after miscarriage at home, describes shock of her arrest
Ranking
- The Daily Money: Spending more on holiday travel?
- New England Patriots WR Kayshon Boutte charged in illegal sports gaming scheme
- Scammers hacked doctors prescription accounts to get bonanza of illegal pills, prosecutors say
- Parents are charged with manslaughter after a 3-year-old fatally shoots his toddler brother
- DeepSeek: Did a little known Chinese startup cause a 'Sputnik moment' for AI?
- Utah poised to become the next state to regulate bathroom access for transgender people
- Harry Connick Jr. shares that his dad, Harry Connick Sr., has died at 97
- Can't find a dupe? Making your own Anthropologie mirror is easy and cheap with these steps
Recommendation
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Rep. Dutch Ruppersberger, longtime Maryland Democrat, to retire from Congress
Inmate overpowers deputy at hospital, flees to nearby home before fatally shooting himself
Man gets death sentence for killing 36 people in arson attack at anime studio in Japan
Nearly half of US teens are online ‘constantly,’ Pew report finds
Winter Skincare From Kiehl's, Peter Thomas Roth & More That'll Bless Your Dry Skin From Head to Toe
Gov. Evers appoints longtime state Sen. Lena Taylor to be Milwaukee judge
Sofia Richie Grainge announces first pregnancy with husband Elliot