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China Announces Reserve Requirement Ratio Cut

By zhsailing
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BEIJING, Jan. 24 (Xinhua) — China’s central bank will cut the reserve requirement ratio for financial institutions by 0.5 percentage points from Feb. 5, said Pan Gongsheng, governor of the People’s Bank of China, Wednesday.

 

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China’s cross-border capital flow to be further stabilized in 2024: central bank BEIJING, Jan. 25 (Xinhua) — Cross-border capital flow in China is expected to be further stabilized this year, said a central bank official on Wednesday. The country’s current account surplus will remain at a reasonable level and foreign capital inflow activities will increase in 2024, said Zhu Hexin, deputy governor of the People’s Bank of China, at a press conference.
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