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The People's Bank of China (PBOC) on Monday...>

CHINA
CHINA: The People's Bank of China (PBOC) on Monday cut reserve requirement ratio
to 8% for county-level rural commercial banks with assets of less than CNY10
billion yuan, effective May 15, releasing about CNY280 billion long-term funds
intended for loaning private and small enterprises, according to a statement on
the central bank's website. About 1,000 medium and small-sized banks will
receive the cut, the PBOC said.

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