"China's Central Bank Injects 1 Trillion Yuan to Boost Growth with RRR Cut"
TL;DR Summary
China's central bank is cutting the reserve requirement ratio for commercial banks, injecting 1 trillion yuan into the market to quell panic and boost investor confidence. The move is part of efforts to maintain ample liquidity and support small firms and agricultural businesses, with the Hang Seng Index in Hong Kong rallying and the Shanghai composite index closing up as a result.
Topics:business#central-bank#china#finance#liquidity-injection#market-confidence#reserve-requirement-ratio
- China to inject 1 trillion yuan into market with reserve requirement ratio cut South China Morning Post
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- PBOC's Pan Says China Will Cut RRR for Banks in Early February Bloomberg Television
- The Hang Seng index rallies going into the close as China announces RRR cut ForexLive
- China to Cut Bank Reserve Ratio in Bid to Boost Growth, Markets Bloomberg
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