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PBOC Cuts Financial Institutions' RRR by 0.5 ppts from Today
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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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