Central bank seeks amendment to law for sharpening financial teeth Central bank seeks amendment to law for sharpening financial teeth By China Daily - 05 August 2022 The country's central bank is accelerating efforts to promote amending of the Law of the People's Republic of China on the People's Bank of China, said Liu Honghua, head of the PBOC's legal affairs department, in an article.
China to cut RRR for foreign currency deposits by one percentage point China to cut RRR for foreign currency deposits by one percentage point By Ecns.cn - 26 April 2022 The People's Bank of China announced on Monday that it will cut the reserve requirement ratio for foreign currency deposits by one percentage point from the current 9 percent to 8 percent starting from May 15 in a bid to improve the management of foreign currencies in financial institutions.
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