virtualreview

china: news and opinion

ICBC report: Chinese banks' reserve ratio to reach 15% in 2008

The Industrial and Commercial Bank of China (ICBC), the country's biggest lender, is predicting in a recent report that China's reserve ratio requirement for commercial banks will probably reach 15 percent in 2008. China has raised ... ...full story at People's Daily

from People's Daily on Mon, Nov 12 2007

see also:

23 Mar 08 visit Patriot Radio News Hour - March 18,2008:Helicopter Ben ! pt2  »  YouTube videoChina Increases Bank Reserve Ratio to Cool Inflation March 18 (Bloomberg) -- China told banks to set aside more reserves for the second time this year, hours after Premier Wen Jiabao said the government will take ``forceful'' steps to damp inflation at...
10 Dec 07 visit Reserve ratio reaches record  »  People's Daily The reserve requirement ratio - or the amount of money commercial banks must set aside as reserve - will be raised by 1 percentage point to 14.5 percent from December 25, the central bank said on the weekend. The ratio will be the highes ...
17 Jan 08 visit Banks' reserve ratio raised to 15%  »  People's Daily The central bank yesterday raised commercial banks' reserve requirement ratio - or proportion of money they must hold in reserve - by 0.5 percentage point, the first time this year. It is the 11th hike since the start of 2007 and, effect ...
15 Oct 07 visit Reserve rate up again, for 8th time  »  People's Daily The country's central bank said on Saturday it will raise banks' reserve requirement ratio, or the amount lenders must hold in reserve, for the eighth time this year. The ratio would be raised by a 0.5 percentage point to reach 13 percen ...
08 Jun 08 visit China raising reserve-requirement ratio for commercial banks  »  People's Daily China's central bank on Saturday ordered lenders to set aside more money as reserve, the fifth such move this year. It was the latest effort to enhance liquidity management in the banking sector. The reserve-requirement ratio would ...
12 May 08 visit China raises reserve requirement ratio to fight inflation  »  People's Daily China's central bank announced on Monday that it would raise the reserve requirement ratio for commercial banks by 0.5 percentage point to curb the inflation. This is the fourth such move so far this year, and it will lift China's r ...

« Today's Stories