China Stocks Jump After Bank Reserve Ratios Cut
By wchung | 06 Feb, 2025
The central bank’s 50 basis-point cut in bank reserve ratio requirement released about 400 billion yuan ($63.53 bil.) in capital into the economy and sent China’s stocks surging.
On Saturday the People’s Bank of China announced a lowering of the reserve requirement by 50 basis points to 20.5% for large commercial banks and 17% for small and medium banks. The new ratio requirements will take effect on February 24.
On Monday morning the benchmark Shanghai Composite Index jumped 1.12% to 2,383.69 within moment after opening while the Shenzhen Component Index jumped 1.31% to open at 9,741.19.
Asian American Success Stories
- The 130 Most Inspiring Asian Americans of All Time
- 12 Most Brilliant Asian Americans
- Greatest Asian American War Heroes
- Asian American Digital Pioneers
- New Asian American Imagemakers
- Asian American Innovators
- The 20 Most Inspiring Asian Sports Stars
- 5 Most Daring Asian Americans
- Surprising Superstars
- TV’s Hottest Asians
- 100 Greatest Asian American Entrepreneurs
- Asian American Wonder Women
- Greatest Asian American Rags-to-Riches Stories
- Notable Asian American Professionals