Central bank eases liquidity pressure

By Chen Jia | chinadaily.com.cn | Updated: 2018-04-25 09:51

Share - WeChat

Pedestrians walk past the People's Bank of China (PBOC) headquarters in Beijing, Jan 18, 2016. [Photo/VCG]

China's central bank today cut cash reserve requirements for financial institutions by 1 percentage point to free 1.3 trillion yuan, easing liquidity pressures.

The move announced on April 17 aims to create a sound environment for high-quality growth and supply-side reform, according to the People's Bank of China website.

Related Stories

Photo

Wuzhen's Internet museum reopens with new highlights

CIIE Culture Night celebrates fusion of global arts and culture beyond trade

2025 WIC Light of Internet Expo kicks off in Wuzhen

Global participation surges at 8th CIIE as exhibits hit record highs

CIIE 2025 breaks records as global participation surges

Ever-evolving Canton Fair highlights China's commitment to innovation, global cooperation

Most Viewed in 24 Hours

State Council News

China’s public holidays for 2026

Policies concerning expats, foreign enterprises in October 2025

Top 10

Top 10 countries attracting Chinese tourists

Business focus

Silk Road e-commerce

Dewu rides wave of Chinese consumption

China Data

China's PPI down 2.1 pct in October

SOEs

Special fund to support strategic emerging industries launched in Beijing

Chinese State firms maintain stable revenue in first 9 months

Special

Scholar calls for a collaborative and secure AI future in Wuzhen

WIC Wuzhen Summit

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.

Registration Number: 130349