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DashboardDatabaseProReportsEventsCar InsightSHANGHAI, May 6 (SMM) – China’s central bank said on Monday May 6 that it will lower reserve requirement ratios (RRRs) for small- and medium-sized banks from May 15, accelerating its efforts to support private and small firms.
About 1,000 county-level rural commercial banks are qualified for the RRR cut, which is estimated to unleash a total of 280 billion yuan, according to a statement released on the website of the People’s Bank of China.
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