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China RRR Cuts for Inclusive Finance Lenders Seen Limited in 2021: Herald

CHINA PRESS
MNI (Sydney)

China is expected to review lenders later this month to decide on the scale of this year's inclusive finance, which lowers qualified banks' reserve ratio requirements to subsidize lending to farmers and small businesses, the 21st Century Business Herald said citing Wang Yifeng, chief banking analyst of Everbright Securities. The market expects up to only CNY100 billion, down from record CNY400 billion last year, the Herald reported. This year's program, the fourth since its launch in 2018, may come in April when liquidity is predicted to be tight due to local bond offerings, the newspaper said.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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