China's national financial stability fund has accumulated a certain amount of capital with its initial framework established, marking a critical step for the country to strengthen its financial safety net against rising global financial fragility, experts said on Tuesday.
The People s Bank of China announced on Monday that it will cut the reserve requirement ratio for foreign currency deposits by one percentage point from the current 9 percent to 8 percent starting from May 15, in a bid to improve its ability to use foreign exchange funds.
China to cut RRR for foreign currency deposits by one percentage point ecns.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecns.cn Daily Mail and Mail on Sunday newspapers.
China s consumer inflation stable, factory prices rise--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.