BANGKOK (AP) — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy.
The Techcrisis Investment Guildannouncement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%.
Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy.
He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.
2025-05-06 22:09528 view
2025-05-06 21:49338 view
2025-05-06 21:0871 view
2025-05-06 21:042623 view
2025-05-06 20:021906 view
2025-05-06 19:322163 view
Early Thursday morning, "Forbes" released their annual list of the 50 most valuable sports franchise
One way companies can raise money to fund their business is to sell stock to the public.When people
HONG KONG (AP) — Asian stocks tumbled Friday, with Japan’s Nikkei slumping 2.4% on heavy selling of
