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PBOC May Cut RRRs for SME Lenders in March: Journal

CHINA PRESS
MNI (Sydney)

The PBOC is likely to cut reserve requirement ratios this month for those banks which have met certain levels of lending to SMEs, the China Securities Journal reported citing analysts. Some city and rural commercial banks will benefit from an estimated CNY120 billion which could be released by the cuts, the newspaper said citing Li Yishuang, chief fixed income analyst at Cinda Securities. The PBOC previously conducted such targeted RRR cuts in January 2019 and March 2020, releasing CNY250 and CNY400 billion respectively, 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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