China's central bank has announced its decision to lower the reserve requirement ratio (RRR) - the minimum level of deposits banks must hold - by 1.0 percentage point effective from April 25 for large commercial banks, joint stock commercial banks, city commercial banks, non-county rural commercial banks, and foreign-funded commercial banks.
China’s central bank said it aims to guide financial institutions to increase support to small and micro enterprises, to support fund stability in the banking system, and to optimize the liquidity structure.