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PBOC tweaks reserve ratio criteria to boost lending to SMEs

Published 01/02/2019, 11:36 AM
Updated 01/02/2019, 11:36 AM
© Reuters.  PBOC tweaks reserve ratio criteria to boost lending to SMEs
  • The People's Bank of China says it will adjust the calculation of some banks' reserve ratios, a move to boost the impact of an earlier easing step as the economy slows, Bloomberg reports.
  • Loans to small- and micro-sized enterprises with a credit line of less than 10M yuan ($1.46M) will qualify for targeted reserve-requirement ratio cuts, vs. 5M yuan previously.
  • The move aimes to expand coverage of a previous targeted reserve ratio cut made in January of 2018.
  • Previously: Chinese yuan slips after PBOC monetary policy comments (Dec. 28, 2018)
  • ETFs: CHIX
  • Now read: 2019 Outlook: Don't Fight The PBOC


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