China lowers reserve requirements for rural lenders

Note: This section contains information in English only.
Source: Bloomberg
China fuelled rural credit by lowering reserve ratios for divisions of Agricultural Bank of China, the country's third largest lender. 565 branches will face a ratio cut by two percentage points and that will free up CHY 23 billion (USD 3.6 billion), People's Bank of China said on Wednesday. The main aim is to support small companies and boost lending in rural regions, suggest analysts. 
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