CCTV.com - CNTV English - CCTV News

China moves to increase bank lending

02-19-2012 11:48 BJT

Watch Video

Play Video

China's central bank says it will reduce the amount of money banks have to keep in reserve, the reserve requirement ratio in a bid to increase lending and ease the short-term credit crunch. It also hopes the move will secure growth as external demand weakens.

The cut the second of its kind in three months will cut the ratio by 50 basis points to 20-point-5 percent for large commercial banks and 17 percent for medium- and small-sized banks. The move will become effective on February 24th and release an estimated 400-billion yuan in capital into the market.

In December of last year the People’s Bank of China cut the reserve requirement ratio by 50 basis points for the first time in three years after hiking the ratio six times last year in an effort to check inflation.

 

 

 

 

 

Editor:Zhang Pengfei |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program