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PBOC Cuts Financial Institutions' RRR by 0.5 ppts from Today
The People's Bank of China (PBOC) lowers the reserve requirement ratio (RRR) for financial institutions by 0.5 ppts, effective today (15th), providing approximately RMB1 trilli...
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The People's Bank of China (PBOC) lowers the reserve requirement ratio (RRR) for financial institutions by 0.5 ppts, effective today (15th), providing approximately RMB1 trillion in long-term liquidity to the market.

Additionally, it reduces the RRR for auto finance companies and financial leasing companies by 5 ppts.

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