China releases US$72.6 billion of liquidity with cut to banks’ reserve requirement ratio

The shoes continue to drop! That is huge! Shoring up the banking sector in various countries goes on!

There have been a lot of bad news in recent months about the state of the financial sector in China! I have reported here about it.

"... The cut, effective March 27, is expected to inject 500 billion yuan (US$72.6 billion) worth of liquidity into the market, while the average reserve requirement ratio of Chinese financial institutions will be lowered to 7.6 per cent. ..."

China releases US$72.6 billion of liquidity with cut to banks’ reserve requirement ratio | South China Morning Post China’s central bank has vowed to keep monetary policy ‘targeted and powerful’ amid market concern about consumer demand and rising external risks

The cut, effective March 27, will lower the average reserve requirement ratio of Chinese financial institutions to 7.6 per cent