• 39
  • 6
  • 收藏

China raises banks' FX reserve requirements for 2nd time this year

Reuters2021-12-09

BEIJING, Dec 9 (Reuters) - China's central bank said on Thursday it will raise the foreign exchange reserve requirement ratio for financial institutions by 200 basis points (bps), effective from Dec. 15.

The reserve ratio will be increased to 9% from 7%, the People's Bank of China (PBOC) said on its website, to strengthen FX liquidity management at financial institutions.

The move would force banks to set aside more of their FX deposits, which stood at $1.02 trillion at end-Nov, and markets widely believe the decision is intended to slow the yuan's recent rapid appreciation.

The yuan has risen more than 2% against the dollar since late July. In trade-weighted terms it is at its strongest since late 2015.

The PBOC previously raised the FX reserve requirement ratio for financial institutions to 7% from 5% in June to make it more expensive for banks to hold dollars.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

举报

评论6

  • robot1234
    ·2021-12-10
    Too much printing of USD. The money has to go somewhere. Best is non other than China
    回复
    举报
  • PearlynCSY
    ·2021-12-10
    Int'l hit money simply falls in love with RMB. The yuan has risen more than 2% against the dollar since late July. In trade-weighted terms it is at its strongest since late 2015. 
    回复
    举报
  • wywy
    ·2021-12-09
    Best is not to touch on China stock now. I will give such opportunity a miss. Will hold on to some that i have. but not adding for sure[What] 
    回复
    举报
  • NPC69
    ·2021-12-09
    K
    回复
    举报
    收起
    • DanielCXL
      👌
      2021-12-09
      回复
      举报
    • sncx00
      k
      2021-12-09
      回复
      举报
  • SC2021
    ·2021-12-09
    China
    回复
    举报
    收起
    • KLS
      Buy
      2021-12-09
      回复
      举报
    • SC2021
      Ok
      2021-12-09
      回复
      举报
  • Valeriechan
    ·2021-12-09
    [Cool] 
    回复
    举报
    收起
 
 
 
 

热议股票

 
 
 
 
 

7x24