Sep 07, 2022 10:46 AM (GMT+8) · EqualOcean
To enhance the ability of financial institutions to use foreign exchange funds, the People's Bank of China (PBOC) has decided to cut the reserve requirement ratio for foreign currency deposits of financial institutions by two percentage points from September 15, 2022. The reserve ratio for foreign exchange deposits will be cut from 8% to 6%. This is also the second time in 2022 that the People's Bank of China has reduced the reserve ratio for foreign exchange deposits.

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