Abstract The People's Bank of China decided to reduce the RMB deposit reserve ratio of financial institutions by 0.5 percentage points from February 5, 2015. At the same time, in order to further enhance the ability of financial institutions to support structural adjustment, increase the number of small and micro enterprises, "three rural & rdqu...
The People's Bank of China decided to cut the RMB deposit reserve ratio of financial institutions by 0.5 percentage points from February 5, 2015. At the same time, in order to further enhance the ability of financial institutions to support structural adjustment, and increase support for small and micro enterprises, “agriculture, rural areas and farmers†and major water conservancy projects, urban commercial banks that have a small-scale enterprise loan ratio to achieve targeted RRR reduction, Non-county rural commercial banks additionally reduced the RMB deposit reserve ratio by 0.5 percentage points, and the Chinese Agricultural Development Bank reduced the RMB deposit reserve ratio by 4 percentage points. The People's Bank of China will continue to implement a prudent monetary policy, maintain a moderate level of flexibility, guide the steady and moderate growth of money and credit and social financing, and promote healthy and stable economic operation.
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