China’s financial package to fix market, reinforce economic momentum
China’s central bank today announced a package of regulatory, monetary and market-oriented policies aimed at stabilising the market, uplifting expectations and reinforcing economic momentum. The package includes interest rate cuts, liquidity injection, expanded refinancing tools and targeted support for key sectors. The reserve requirement ratio will be cut by 50 bps from May 15.
China’s central bank today announced a package of regulatory, monetary and market-oriented policies aimed at stabilising the market, uplifting expectations and reinforcing economic momentum.
The package includes interest rate cuts, liquidity injection, expanded refinancing tools and targeted support for key sectors.
The reserve requirement ratio will be cut by 50 bps from May 15.
