China to Cut Reserve Requirement, Freeing Up $175 Billion

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China's central bank announced on Sunday that it will cut for most lenders the amount of cash set aside as reserves from Oct. 15, freeing up additional liquidity in a bid to support small businesses, privately owned enterprises and innovative companies.

from Google Alert - Business https://ift.tt/2O7gDM2
China's central bank announced on Sunday that it will cut for most lenders the amount of cash set aside as reserves from Oct. 15, freeing up additional liquidity in a bid to support small businesses, privately owned enterprises and innovative companies. https://ift.tt/eA8V8J

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