Industrial and Commercial Bank of China Ltd
China Offers Temporary Reserve Ratio cut to 5 big Banks to aid Liquidity
| Staff Reporter | | Jan 23, 2017 10:28 AM EST |
China has given temporary relief to five of its major banks as authorities announced a cut in their cash reserve ratio. The lower ratio will allow the banks to employ more of their resources as they are not required to keep a high cash reserve.
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