The first cut of 50 bps will be effective as of April 15, and second cut of another 50 bps will be effective as of May 15. China will implement both broad and targeted cuts in the reserve requirement ratio (RRR) for banks "in a timely manner," China's cabinet said in a … Currently, the required reserve ratio is 13% for big banks and 11% for smaller ones. China cuts reserve requirement ratio for small, midsize banks Friday, April 03, 2020, 23:03 By Xinhua BEIJING — China's central bank on Friday announced a decision to cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100 basis points in its latest effort to bolster the real economy amid the novel coronavirus outbreak. The People’s Bank of China (PBoC) cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100bp last Friday. PBoC Reserve Requirement Ratio Discussion Comment Guidelines We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. China Reserve Requirement Ratio data updated monthly, available from Jan 1985 to Nov 2020. A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. The People's Bank of China (PBOC) announced RRR cuts by 0.5 to 1 percentage points for qualified banks. BEIJING - China's central bank on Friday announced it will implement targeted reserve requirement ratio (RRR) cuts for some financial institutions on March 16. Forecast: GDP PPP Per Capita (PPP Intl $), Total Trade of Goods & Services: % of Nominal GDP (%), GDP: TI: Accommodation and Catering Trade (RMB bn), GDP: TI: Financial Intermediation (RMB bn), GDP: TI: Information Transmission, Software and Information Technology Service (RMB bn), GDP: TI: Leasing and Commercial Service (RMB bn), GDP: ow: Agriculture, Forestry, Animal Husbandry and Fishery (Incl. The People's Bank of China (PBC or PBOC; ... Reserve requirement ratio. China cuts reserve ratio for large banks another 150 bps China's central bank, the People's Bank of China (PBOC), has lowered its reserve requirement for all large financial institutions by another 150 basis points to 11.00 percent, its second cut this year following a 50-point cut in January. In addition, financial institutions' excess reserve requirement ratio with the central bank would be reduced to 0.35 percent from 0.72 percent, effective April 7th. Food & Energy) (Prev Year=100), CPI: Food, Tobacco & Liquor: Food: Dried & Fresh Melon & Fruit: Fresh Fruit (Prev Year=100), CPI: Healthcare & Medical Service (HM) (Prev Year=100), CPI: Education Culture & Entertainment (ECE) (Prev Year=100), Retail Price Index: Urban (Prev Year=100), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), CN: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asi... (USD mn), Trade Index: Export: Value (Prev Year=100), Trade Index: Export: Quantum (Prev Year=100), Trade Index: Export: Unit Value (Prev Year=100), Trade Index: Import: Value (Prev Year=100), Trade Index: Import: Quantum (Prev Year=100), Trade Index: Import: Unit Value (Prev Year=100), Imports: Computed Tomography Apparatus (USD th), Imports: Other, Apparatus Based on the Use of X-rays for Medical (USD th), Imports: Other Needles, Catheters, Cannulae and the Like (USD th), Exports: Other Needles, Catheters, Cannulae and the Like (USD th), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CA: Secondary Income: Credit (USD mn), BoP: CA: Secondary Income: Debit (USD mn), CN: FDI: Utilized: ytd: Manufacturing (USD mn), CN: FDI: Utilized: ytd: Mfg: Comm, Computer & Other Electronic Eq (USD mn), CN: FDI: Utilized: ytd: Wholesale and Retail Trade (USD mn), CN: FDI: Utilized: ytd: Real Estate (USD mn), CN: FDI: Utilized: ytd: Leasing and Commercial Service (USD mn), Outward Investment: Asia: Singapore (USD mn), Outward Investment: Latin America: British Virgin Islands (USD mn), Outward Investment: Latin America: Cayman Islands (USD mn), Outward Investment: United States (USD mn), Outward Investment: Manufacturing (USD mn), Outward Investment: Information Transmission, Software and Information Technolog... (USD mn), Outward Investment: Wholesale and Retail Trade (USD mn), Outward Investment: Financial Intermediation (USD mn), Outward Investment: Leasing and Commercial Service (USD mn), Industrial Enterprise: No of Loss Making Enterprise (Unit), No of Business Entity: New Registration: ytd: Company (Unit mn), QFII: No of Institution: accumulated (Unit), QFII: Approved Investment Fund: accumulated (USD mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Monetary Authority: Asset: Total (RMB bn), Nominal Lending Rate: Within 1 Year (Including 1 Year) (% pa), CN: Nominal Lending Rate: Individual Housing Provident Fund Loan: 5 Year or Less (% pa), CN: Nominal Lending Rate: Individual Housing Provident Fund Loan: Over 5 Year (% pa), CN: Effective Exchange Rate Index: BIS: Real (2010=100), CN: Treasury Bond Yield: Interbank: Spot Yield: 1 year (% pa), Natural Gas Production: OPEC: Marketed Production (Cub m mn), CN: Tourism Industry: Total Revenue (RMB mn), Business Confidence: Net Balance (% Point), 5000 Indu Enterprises: DI: General Business Condition (%), CN: Insurance Premium: ytd: Human: Life (RMB mn), Turnover: Value: Shanghai Stock Exchange: (RMB mn), Index: Shenzhen Stock Exchange: Composite (03Apr1991=100), Turnover: Volume: Shenzhen Stock Exchange (Share mn), Liner Shipping Connectivity Index (2004=100), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), Motor Vehicle Owned: Civil: Total (Unit th), CN: No of Motor Vehicle: Commercial: Total (Unit th), Motor Vehicle Owned: Private: Total (Unit th), CN: Number of Tractor: Large & Medium (LM) (Unit), Passenger Carried: Civil Aviation (Person mn), Agricultural Bank of China (ABOC): Bank Card Statistics, Agricultural Bank of China (ABOC): Loan and Deposit, Agricultural Bank of China (ABOC): Loan and Deposit: in Foreign Currency, Agricultural Development Bank of China (ADBOC): Loan, Bank of China (BOC): Bank Card Statistics, Bank of China (BOC): Loan and Deposit: in Foreign Currency, Bank of China (BOC): Source and Use of Fund, Bank of Communications (BoCOM): Loan and Deposit, Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency, Cash Income and Expenditure of Financial Institution, Cash Income and Expenditure of Financial Institution: Anhui, Cash Income and Expenditure of Financial Institution: Beijing, Cash Income and Expenditure of Financial Institution: Chongqing, Cash Income and Expenditure of Financial Institution: Fujian, Cash Income and Expenditure of Financial Institution: Gansu, Cash Income and Expenditure of Financial Institution: Guangdong, Cash Income and Expenditure of Financial Institution: Guangxi, Cash Income and Expenditure of Financial Institution: Guizhou, Cash Income and Expenditure of Financial Institution: Hainan, Cash Income and Expenditure of Financial Institution: Hebei, Cash Income and Expenditure of Financial Institution: Heilongjiang, Cash Income and Expenditure of Financial Institution: Henan, Cash Income and Expenditure of Financial Institution: Hubei, Cash Income and Expenditure of Financial Institution: Hunan, Cash Income and Expenditure of Financial Institution: Inner Mongolia, Cash Income and Expenditure of Financial Institution: Jiangsu, Cash Income and Expenditure of Financial Institution: Jiangxi, Cash Income and Expenditure of Financial Institution: Jilin, Cash Income and Expenditure of Financial Institution: Liaoning, Cash Income and Expenditure of Financial Institution: Ningxia, Cash Income and Expenditure of Financial Institution: Qinghai, Cash Income and Expenditure of Financial Institution: Shaanxi, Cash Income and Expenditure of Financial Institution: Shandong, Cash Income and Expenditure of Financial Institution: Shanghai, Cash Income and Expenditure of Financial Institution: Shanxi, Cash Income and Expenditure of Financial Institution: Sichuan, Cash Income and Expenditure of Financial Institution: Tianjin, Cash Income and Expenditure of Financial Institution: Tibet, Cash Income and Expenditure of Financial Institution: Xinjiang, Cash Income and Expenditure of Financial Institution: Yunnan, Cash Income and Expenditure of Financial Institution: Zhejiang, China Construction Bank (CCB): Bank Card Statistics, China Construction Bank (CCB): Loan and Deposit, China Construction Bank (CCB): Loan and Deposit: in Foreign Currency, China Everbright Bank (CEB): Loan and Deposit, China Everbright Bank (CEB): Loan and Deposit: in Foreign Currency, China Industrial Bank (CIB): Loan and Deposit, China Merchants Bank Co Ltd (CMB): Loan and Deposit, China Minsheng Banking Corporation Ltd: Loan and Deposit, Deposit by Enterprise: Prefecture Level City, Deposit by Enterprise: Prefecture Level Region, Foreign Exchange Settlement and Sales on behalf of Client by Bank, Foreign Related Receipt and Payment of Banks on behalf of Client, Guangdong Development Bank (GDB): Loan and Deposit, Guangdong Development Bank (GDB): Loan and Deposit: in Foreign Currency, Industrial and Commercial Bank of China (ICBC): Bank Card Statistics, Industrial and Commercial Bank of China (ICBC): Loan and Deposit, Industrial and Commercial Bank of China (ICBC): Loan and Deposit: in Foreign Currency, Loan: By Loan Category and Enterprise Size, Loan: Off-balance Sheet Credit Facilities, Loan: Overdue, Closed Down and Stopped Enterprise, Loan to Agricultural Sector: Prefecture Level City, Loan to Agricultural Sector: Prefecture Level Region, Loan to Commercial Sector: Prefecture Level City, Loan to Commercial Sector: Prefecture Level Region, Loan to Industrial Sector: Prefecture Level City, Loan to Industrial Sector: Prefecture Level Region, National Interbank Funding Centre (NIBFC): Interbank Call Loan Turnover, National Interbank Funding Centre (NIBFC): Interbank Call Loan Turnover: Daily, Official Reserve Asset and Other Foreign Currency Asset, Open Market Operation: Central Treasury Cash Management, Saving Deposit: Demand: Prefecture Level City, Saving Deposit: Demand: Prefecture Level Region, Saving Deposit: Time: Prefecture Level City, Saving Deposit: Time: Prefecture Level Region, Shanghai Pudong Development Bank (SPDB): Loan and Deposit, Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency, Source and Use of Credit Fund: Financial Institution: Annual (Old Classification). The People’s Bank of China said it would cut the reserve requirement ratio by 50 basis points for […] The People's Bank of China lowered the reserve requirement ratio by 50-100bps for banks that have met inclusive financing targets on March 13th, but held the ratio for large banks at 12.5 percent. China will reduce the reserve requirement ratio and use its relending policy to keep liquidity ample, state television reported Wednesday, citing a … PBC latest reserve requirement ratio (RRR) changes: Change date Reserve requirement ratio Extra cash for financial system December 2008: 21.0%: December 2011: 20.5%: 350 billion yuan ($55 billion) May 2012: China’s latest stimulus effort comes in the form of a cut to the so-called reserve requirement ratio, the amount of money that commercial banks are required … Last month, the central bank had already slashed RRR for mid-sized and small banks by 100bps, in two phases, releasing around CNY 400 billion. The RRR for big banks will then be cut to 12.5% from 13%. China’s central bank said on Monday it will cut the reserve requirement ratios (RRRs) for small and medium-sized banks effective from May 15, in a targeted policy … Required Reserve Ratio was set as 9.4 % in Nov 2020. The central bank said Friday it would cut its reserve requirement ratio by 1 percentage point over the next month. China's central bank announced on Saturday that it will scrap the reserve requirement for forward forex trading starting Oct. 12. China to lower banks’ reserve requirement, releasing $126 billion The PBOC announced Friday that it will lower the reserve requirement ratios (RRRs) by 50 basis points for all banks Sept. 16 in a bid to support the economy. The PBoC reinforced it will continue to pursue a prudent and flexible monetary policy but markets expect the PBoC to adopt an easier monetary policy stance in 2020. Yawen Chen, Kevin Yao 5 Min Read BEIJING (Reuters) - China will implement both broad and targeted cuts in the reserve requirement ratio (RRR) for banks “in a … China slashes banks' reserve requirements again as growth slows Sat, Jan 05, 2019 - 5:50 AM CHINA'S central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up US$116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. Download historical data for 20 million indicators using your browser. Direct access to our calendar releases and historical data. The People's Bank of China is slashing the amount of money that banks are required to hold in reserve, the latest in a series of policy changes the government has taken to support growth. It adds to a series of other measures taken by the central bank since last year to support growth, including cuts in key loan prime rates and reverse repo rates. The Foreign Exchange Reserves equaled 17.5 Months of Import in Oct 2020. The move will release 550 billion yuan (about US$78.57 billion) of long-term funds, the People's Bank of China said. The People’s Bank of China will cut the reserve requirement ratio (RRR) on Jan. 6 by 50 basis points, it said in a statement, reducing the amount of cash banks must hold. The People's Bank of China uses changes in reserve requirements as an inflation-fighting tool, and raised the reserve requirement ten times in 2007 and eleven times since the beginning of 2010. The yuan has gained more than 6% against the dollar since late May, largely driven by a favourable yield differential between China and other major economies. Unlimited access tailored to your data needs, Instant access to full history data in excel. China reports record low economic growth rate for third quarter From Monday, the reserve requirement ratio (RRR) for big banks will be lowered to 12.5 per … China Cuts Reserve Requirement Ratio Move Frees Up About 500 Billion Yuan in Additional Funds That Banks Can Lend The People's Bank of China headquarters in Beijing in November. The Trading Economics Application Programming Interface (API) provides direct access to our data. The People’s Bank of China said it would cut the reserve requirement ratio by 50 basis points for all banks, taking the ratio to 17 percent for the country’s biggest lenders, according to … [Photo/IC] China's Central Bank will cut the reserve requirement ratio by 0.5 percentage point on Jan 6. Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, Oct 8, 2018. The most complete set of 5.5 million time series covering more than 200 economies, compiled from 1500 sources worldwide. The People's Bank of China announced it will cut the reserve requirement ratio for mid-sized and small banks by 100bps, in two phases, releasing around CNY 400 billion to support the economy hurt by the Covid-19 pandemic. China Domestic Credit reached 35,638.1 USD bn in Oct 2020, representing an increased of 12.9 % YoY. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The cut does not apply to finance companies, financial leasing companies and automobile finance companies. The yuan has gained more than 6 percent against the dollar since late May, largely driven by a favorable yield differential between China and other major economies. The reductions will be made in two stages on January 15 and January 25. China’s latest stimulus effort comes in the form of a cut to the so-called reserve requirement ratio, the amount of money that commercial banks are required to stash away for a rainy day. China Car Sales Rise 12.6% YoY in November, Chinese Banks Extend More Loans in November, China Producer Prices Fall Less than Expected, China Food Prices Drop for First Time Since 2018, China Consumer Prices Fall for First Time in 11 Years, China Posts Largest Trade Surplus on Record, Oil Prices Slide on Friday, Book Weekly Gain, US Stocks Book Weekly Loss, S&P Links Third Fall, Senegal November Inflation Rate at 5-Month Low, Spanish Shares End Lower, Fall 3.1% on the Week, French Shares Finish in the Red, Fall 1.8% on the Week. The first cut of 50bps will be effective as of April 15th, and second cut of another 50bps will be effective as of May 15th. The first cut of 50 bps will be effective as of April 15, and second cut of another 50 bps will be effective as of May 15. Under current rules, financial institutions must set aside 20 percent of the previous month's yuan forwards settlement amount as foreign exchange risk reserves. China Cuts Reserve Requirement Ratio China’s central bank cut the amount of cash the nation’s lenders must lock away as reserves, stepping up efforts to cushion an economic slowdown amid plunging stock prices and a weakening currency. China's central bank announced Friday it will cut the reserve requirement ratio (RRR) for some banks effective March 16 to boost lending support for small companies that have been hit hard by the coronavirus outbreak. The data is reported by reported by The People's Bank of China. The People's Bank of China (PBOC) said on its website it will cut the reserve requirement ratio (RRR) for those banks by 100 basis points (bps), in two phases. 1987-2020 Data | 2021-2022 Forecast | Calendar. People’s Bank of China (PBOC) announces reserve requirement ratio (RRR) cuts for rural banks and some city commercial banks totalling 100 … It was the second cut this year, allowing the release of CNY 550 billion, or USD 79 billion, in liquidity to support the economy hurt by the Covid-19 pandemic. There is no data available for your selected dates. If, for example, the level of reserves is RMB1trn and the reserve requirement ratio 20%, the maximum amount of deposits in the banking system is capped at RMB5trn. The country's Non Performing Loans Ratio stood at 2.0 % in Sep 2020, compared with the ratio of 1.9 % in the previous quarter. © 2020 CEIC Data, an ISI Emerging Markets Group Company. The 20 percent reserve requirement ratio was imposed in 2018. Publish your articles and forecasts in our website. China's central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. An institution that holds reserves in excess of the required amount is said to hold excess reserves . Required Reserve Ratio was set as 9.4 % in Nov 2020. China’s central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. The People's Bank of China announced on May 26th it had cut the reserve requirement ratio (RRR) for big banks by 150bps to 11 percent, aiming to support the economy hurt by the Covid-19 pandemic. China's central bank announced Friday it will cut the reserve requirement ratio (RRR) for some banks effective March 16 to boost lending support for small companies that have been hit hard by the coronavirus outbreak. The People's Bank of China (PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. The move is seen reducing banks’ annual funding costs by CNY 15 billion. 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