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CSDC To Reduce Min. Settlement Reserve Fund Payment Ratio For Stock Business

CHINA PRESS
MNI (Singapore)

China Securities Depository and Clearing (CSDC) plans to reduce the minimum settlement reserve fund payment ratio for stock-related businesses further to an average of about 13% from the 16% noted since October 2023. This could release over CNY30 billion funds to the market. It will encourage faster completion of fund settlements, further improve the efficiency of fund use by securities companies and fund managers, reduce market costs, and boost confidence. (Source: Quanshang China)

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