日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Economy

Reserve ratio cut to assist financing, aid growth

By Chen Jia (China Daily) Updated: 2015-06-29 07:12

The central bank has cut the amount of money banks must keep in reserve and reduced benchmark interest rates in a move to consolidate the rebound of economic growth and keep companies' financing costs down.

The People's Bank of China announced it is lowering the reserve requirement ratio by half a percentage point for city commercial banks and non-county-level rural commercial banks that have lent a certain portion of their loans to companies involved in agriculture.

It also reduced the rate by the same amount for large State-owned commercial banks, joint-equity commercial banks and foreign banks that give loans to small and micro businesses.

For finance companies, the ratio was lowered by 3 percentage points, said a statement on the bank's website.

The central bank decided to simultaneously cut the one-year deposit and lending rates by 25 basis points, the third cut this year. The deposit rate was reduced to 2 percent, while the lending rate hit a record low of 4.85 percent.

The deposit rate has been cut by 115 basis points this year, and the lending rate has fallen by 100 basis points.

It is not usual to see simultaneous cuts, but the central bank's further easing has been expected, said experts, explaining that the main target is to stabilize economic growth.

Lu Lei, head of the PBOC's research department, said that using cuts in the reserve ratio and lending rates together is an attempt to stabilize growth and control financial risk.

"We still have great pressure from growth stabilization, and it is necessary to maintain a proper monetary policy, as the second half will be the crucial period for an economic rebound and structural reform."

Lian Ping, chief economist at the Bank of Communications, said that room for further interest rates cuts is now very limited. "Whether to further lower the reserve ratio will depend on capital flows, and it is likely we will see another small cut in the future."

Lu Zhengwei, chief economist at Industrial Bank, said that downward economic pressure remains, adding that there was a risk of GDP growth below 7 percent.

The "double cuts" will also support a rise of the stock market on Monday, Lu said.

The benchmark stock index suffered the worst single-day decline in seven years at Friday's close, as the Shanghai Composite Index tumbled by 7.4 percent, to close at 4,192.87.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 青草精品 | 就操在线 | 国产精品久久91 | 日韩色综合 | 国产成人免费观看 | 伊人55 | 成人在线毛片 | 国产三级福利 | 91视频最新网址 | 久操视频免费在线观看 | 午夜爽爽爽男女免费观看 | 亚洲综合成人网 | 在线观看视频福利 | 在线播放毛片 | 日韩亚洲欧美中文字幕 | 久久国产小视频 | 欧美激情免费看 | 四虎影院免费 | 91在线观看入口 | 在线日韩一区二区 | 国产九九在线 | 国产91在线看| 久久黄色免费网站 | 色综合五月天 | 二区在线播放 | 看av在线 | 在线视频a | 成人一级黄色片 | 免费av在线网站 | 午夜在线观看视频网站 | 亚洲女人毛茸茸 | 欧美一区二区在线免费观看 | 国产视频97 | 成人天堂av| 天天国产视频 | 国产一区二区三区视频在线观看 | 日本在线视频中文字幕 | 日韩v| 五月婷婷综合激情网 | 美丽姑娘在线观看免费 | 午夜一区二区三区在线观看 |