China's central bank cut the reserve requirement ratio for county-level rural commercial banks and rural credit cooperative unions on April 25 to help increase the flow of credit.
The ratio for county-level rural commercial lenders was trimmed by 2 percentage points and that for rural credit cooperatives was cut by 0.5 percentage points.
The adjustment will help enhance financial support for rural development and guide credit flow to rural areas, the People's Bank of China said in an online statement.
However, the central bank did not say how much capital could be freed by cutting the ratio. |