China Business Now

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Welcome to China Business Now, a 3-minute digest of what happened in China’s business sector, presented by 21st Century Business Herald.

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Wednesday Sep 07, 2022

CBN丨PBOC cuts forex reserve ratio to prop up yuan

Wednesday Sep 07, 2022

The People's Bank of China (PBOC), the country's central bank, announced on Monday that it would lower financial institutions' foreign exchange reserve requirement ratio (RRR) by 2 percentage points to 6 percent, to help financial institutions' ability to use foreign exchange funds.

https://m.21jingji.com/article/20220906/herald/7d4ec99393a65b3943a503bb5eeaad43.html

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