, 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.

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!