The decision by the People’s Bank of China (PBOC) allows Chinese banks’ capital requirement ratio to drop to 19.5%, 50 basis points from the previous reserve requirement ratio (RRR), meaning that up to RMB600 billion (US$96 billion) has now been made available to Chinese lenders, and is a sign of things to come, according to Hang Seng’s Belle Liang. Belle Liang,…
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