Services) (RMB bn), GDP: SI: Industry: Manufacturing (RMB bn), GDP: TI: Wholesale and Retail Trade (RMB bn), GIO: Raw Chemical Materials and Products (RMB mn), GIO: Smelting & Pressing of Ferrous Metals (RMB mn), GIO: Electric Machinery and Equipment (RMB mn), GIO: Electronic and Telecom Equipment (RMB mn), Production of Primary Energy: Coal (Ton mn), Production of Primary Energy (SCE Ton mn), CN: Crude Oil: Supply: Trade Balance: Import (Ton mn), CN: Crude Oil: Supply: Trade Balance: Export (Ton mn), CN: Natural Gas: Supply: Trade Balance: Import (Cub m mn), CN: Natural Gas: Supply: Trade Balance: Export (Cub m mn), Production of Primary Energy: Electricity (kWh bn), CN: Steel: Production: Steel Product (SP) (Ton th), CN: Gold: Gross Industrial Output (RMB mn), Nominal Residential Property Price Index (2010=100), Nominal Residential Property Price Index Growth (%), Real Residential Property Price Index (2010=100), Real Residential Property Price Index Growth (%), CN: Commodity Bldg Selling Price: YTD Average (RMB/sq m), CN: Commodity Bldg Selling Price: YTD Average: Residential (RMB/sq m), Property Price: Commercial Building (RMB/sq m), Property Price: Office Building (RMB/sq m), CN: Building Sold: ytd: Residential (RMB mn), CN: Floor Space Completed: ytd: CB: Residential (sq m th), CN: Floor Space Completed: ytd: Commodity Bldg (CB) (sq m th), CN: Floor Space Sold: ytd: Residential (sq m th), CN: Floor Space Started: ytd: Commodity Bldg (CB) (sq m th), CN: Floor Space under Construction: ytd: Commodity Bldg (CB) (sq m th), Consolidated Fiscal Balance: % of GDP (%), Forecast: Government Expenditure (RMB bn), Motor Vehicle Sales: Commercial Cars (Unit), Motor Vehicle Sales: Passenger Cars (Unit), Consumer Confidence: Net Balance (% Point), Retail Sales of Consumer Goods: YoY: Above Designated Size Enterprise (%), Retail Sales of Consumer Goods: YoY: ytd: Above Designated Size Enterprise (%), Commodity Retail: ytd: Automobile (RMB mn), Household Survey (HS): Rural: No of Household (Unit), HS: Rural: No of Person Per Household (Person), Household Survey (HS): Urban: No of Household (Unit), Expenditure per Capita: ytd: 36 City Avg (RMB), Average Income per Capita: ytd: Urban Household: Average (RMB), Domestic Trade Value: Wholesale Enterprises: Wholesale (RMB bn), CPI: Food and Non Alcoholic Beverage Change (%), Forecast: Consumer Price Index Growth (%), CPI: Core (excl. China Reserve Requirement Ratio data updated monthly, available from Jan 1985 to Nov 2020. The Peopleâs Bank of China (PBoC) cut the reserve requirement ratio (RRR) for small and medium-sized banks by 100bp last Friday. The People's Bank of China(PBOC) said on its website it will cut banks' reserve requirement ratio (RRR) by 50 basis points, effective Jan. 6. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. The People's Bank of China will lower its reserve requirement ratios by 50bps effective on January 6th 2020, aiming to boost growth and reduce borrowing costs. China's central bank said it will lower the reserve requirement ratio for financial institutions when conducting some foreign exchange forwards trading to zero with effect from Monday. The People's Bank of China (PBOC) said on its website it will cut the reserve requirement ratio (RRR) for those banks by 100 basis points (bps), in two phases. Required Reserve Ratio was set as 9.4 % in Nov 2020. The RRR for big banks will then be cut to 12.5% from 13%. 1987-2020 Data | 2021-2022 Forecast | Calendar. The People's Bank of China (PBC or PBOC; ... Reserve requirement ratio. The first cut of 50 bps will be effective as of April 15, and second cut of another 50 bps will be effective as of May 15. The Peopleâs Bank of China will cut the reserve requirement ratio (RRR) on Jan. 6 by 50 basis points, it said in a statement, reducing the amount of cash banks must hold. BEIJING - China's central bank on Friday announced it will implement targeted reserve requirement ratio (RRR) cuts for some financial institutions on March 16. The 20 percent reserve requirement ratio was imposed in 2018. The yuan has gained more than 6% against the dollar since late May, largely driven by a favourable yield differential between China and other major economies. [Photo/IC] China's Central Bank will cut the reserve requirement ratio by 0.5 percentage point on Jan 6. Download historical data for 20 million indicators using your browser. The data is reported by reported by The People's Bank of China. 1985 - 2020 | Monthly | % | The People's Bank of China. The People's Bank of China (PBOC) announced RRR cuts by 0.5 to 1 percentage points for qualified banks. China Cuts Reserve Requirement Ratio Chinaâs central bank cut the amount of cash the nationâs lenders must lock away as reserves, stepping up efforts to cushion an economic slowdown amid plunging stock prices and a weakening currency. The Peopleâs Bank of China said it would cut the reserve requirement ratio by 50 basis points for all banks, taking the ratio to 17 percent for the countryâs biggest lenders, according to ⦠It was the second cut this year, allowing the release of CNY 550 billion, or USD 79 billion, in liquidity to support the economy hurt by the Covid-19 pandemic. Chinaâs latest stimulus effort comes in the form of a cut to the so-called reserve requirement ratio, the amount of money that commercial banks are required ⦠Chinaâs latest stimulus effort comes in the form of a cut to the so-called reserve requirement ratio, the amount of money that commercial banks are required to stash away for a rainy day. Chinaâs Peopleâs Bank of China (PBOC) announced Friday that it was reducing the amount of funds that banks have to hold in reserve in an effort to further stimulate its economy. China cuts reserve ratio for large banks another 150 bps China's central bank, the People's Bank of China (PBOC), has lowered its reserve requirement for all large financial institutions by another 150 basis points to 11.00 percent, its second cut this year following a 50-point cut in January. Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, Oct 8, 2018. The People's Bank of China lowered the reserve requirement ratio by 50-100bps for banks that have met inclusive financing targets on March 13th, but held the ratio for large banks at 12.5 percent. If, for example, the level of reserves is RMB1trn and the reserve requirement ratio 20%, the maximum amount of deposits in the banking system is capped at RMB5trn. The yuan has gained more than 6 percent against the dollar since late May, largely driven by a favorable yield differential between China and other major economies. Foreign Exchange Reserves in China was measured at 3,128.0 USD bn in Oct 2020. The People's Bank of China announced on May 26th it had cut the reserve requirement ratio (RRR) for big banks by 150bps to 11 percent, aiming to support the economy hurt by the Covid-19 pandemic. The People's Bank of China (PBOC) announced RRR cuts by 0.5 to 1 percentage points for qualified banks. The first cut of 50bps will be effective as of April 15th, and second cut of another 50bps will be effective as of May 15th. The bank also said it was slashing the RRR for qualified joint-stock banks by an additional 100 bps. Direct access to our calendar releases and historical data. After the cuts, the required reserve ratio will be 13 per cent for large banks, and 11 per cent for medium and small-sized banks. The reductions will be made in two stages on January 15 and January 25. China Cuts Reserve Requirement Ratio Move Frees Up About 500 Billion Yuan in Additional Funds That Banks Can Lend The People's Bank of China headquarters in Beijing in November. The central bank said Friday it would cut its reserve requirement ratio by 1 percentage point over the next month. It was the second cut this year, allowing the release of CNY 550 billion, or USD 79 billion, in liquidity to support the economy hurt by the Covid-19 pandemic. It adds to a series of other measures taken by the central bank since last year to support growth, including cuts in key loan prime rates and reverse repo rates. The first cut of 50 bps will be effective as of April 15, and second cut of another 50 bps will be effective as of May 15. Meanwhile, the reserve requirement ratio (RRR) for large banks was kept at 12.5 percent. © 2020 CEIC Data, an ISI Emerging Markets Group Company. Publish your articles and forecasts in our website. China's central bank announced Friday it will cut the reserve requirement ratio (RRR) for some banks effective March 16 to boost lending support for small companies that have been hit hard by the coronavirus outbreak. Food & Energy) (Prev Year=100), CPI: Food, Tobacco & Liquor: Food: Dried & Fresh Melon & Fruit: Fresh Fruit (Prev Year=100), CPI: Healthcare & Medical Service (HM) (Prev Year=100), CPI: Education Culture & Entertainment (ECE) (Prev Year=100), Retail Price Index: Urban (Prev Year=100), Exports: Medicinal and Pharmaceutical Product (USD th), Imports: Medicinal and Pharmaceutical Product (USD th), CN: Exports: fob: Emerging and Developing Economies: Emerging and Developing Asi... (USD mn), Trade Index: Export: Value (Prev Year=100), Trade Index: Export: Quantum (Prev Year=100), Trade Index: Export: Unit Value (Prev Year=100), Trade Index: Import: Value (Prev Year=100), Trade Index: Import: Quantum (Prev Year=100), Trade Index: Import: Unit Value (Prev Year=100), Imports: Computed Tomography Apparatus (USD th), Imports: Other, Apparatus Based on the Use of X-rays for Medical (USD th), Imports: Other Needles, Catheters, Cannulae and the Like (USD th), Exports: Other Needles, Catheters, Cannulae and the Like (USD th), Foreign Portfolio Investment: Equity Securities (USD mn), Foreign Portfolio Investment: % of GDP (%), Foreign Portfolio Investment: Debt Securities (USD mn), Forecast: Current Account Balance (USD bn), Net International Investment Position (USD mn), BoP: CA: Secondary Income: Credit (USD mn), BoP: CA: Secondary Income: Debit (USD mn), CN: FDI: Utilized: ytd: Manufacturing (USD mn), CN: FDI: Utilized: ytd: Mfg: Comm, Computer & Other Electronic Eq (USD mn), CN: FDI: Utilized: ytd: Wholesale and Retail Trade (USD mn), CN: FDI: Utilized: ytd: Real Estate (USD mn), CN: FDI: Utilized: ytd: Leasing and Commercial Service (USD mn), Outward Investment: Asia: Singapore (USD mn), Outward Investment: Latin America: British Virgin Islands (USD mn), Outward Investment: Latin America: Cayman Islands (USD mn), Outward Investment: United States (USD mn), Outward Investment: Manufacturing (USD mn), Outward Investment: Information Transmission, Software and Information Technolog... (USD mn), Outward Investment: Wholesale and Retail Trade (USD mn), Outward Investment: Financial Intermediation (USD mn), Outward Investment: Leasing and Commercial Service (USD mn), Industrial Enterprise: No of Loss Making Enterprise (Unit), No of Business Entity: New Registration: ytd: Company (Unit mn), QFII: No of Institution: accumulated (Unit), QFII: Approved Investment Fund: accumulated (USD mn), Foreign Exchange Reserves: Months of Import (NA), Debt Service Ratio: Private Non-Financial Sector (%), Credit to Private Non-Financial Sector (USD bn), Monetary Authority: Asset: Total (RMB bn), Nominal Lending Rate: Within 1 Year (Including 1 Year) (% pa), CN: Nominal Lending Rate: Individual Housing Provident Fund Loan: 5 Year or Less (% pa), CN: Nominal Lending Rate: Individual Housing Provident Fund Loan: Over 5 Year (% pa), CN: Effective Exchange Rate Index: BIS: Real (2010=100), CN: Treasury Bond Yield: Interbank: Spot Yield: 1 year (% pa), Natural Gas Production: OPEC: Marketed Production (Cub m mn), CN: Tourism Industry: Total Revenue (RMB mn), Business Confidence: Net Balance (% Point), 5000 Indu Enterprises: DI: General Business Condition (%), CN: Insurance Premium: ytd: Human: Life (RMB mn), Turnover: Value: Shanghai Stock Exchange: (RMB mn), Index: Shenzhen Stock Exchange: Composite (03Apr1991=100), Turnover: Volume: Shenzhen Stock Exchange (Share mn), Liner Shipping Connectivity Index (2004=100), Exports: Telecommunication Equipment (USD th), Imports: Telecommunication Equipment (USD th), Motor Vehicle Owned: Civil: Total (Unit th), CN: No of Motor Vehicle: Commercial: Total (Unit th), Motor Vehicle Owned: Private: Total (Unit th), CN: Number of Tractor: Large & Medium (LM) (Unit), Passenger Carried: Civil Aviation (Person mn), Agricultural Bank of China (ABOC): Bank Card Statistics, Agricultural Bank of China (ABOC): Loan and Deposit, Agricultural Bank of China (ABOC): Loan and Deposit: in Foreign Currency, Agricultural Development Bank of China (ADBOC): Loan, Bank of China (BOC): Bank Card Statistics, Bank of China (BOC): Loan and Deposit: in Foreign Currency, Bank of China (BOC): Source and Use of Fund, Bank of Communications (BoCOM): Loan and Deposit, Bank of Communications (BoCOM): Loan and Deposit: in Foreign Currency, Cash Income and Expenditure of Financial Institution, Cash Income and Expenditure of Financial Institution: Anhui, Cash Income and Expenditure of Financial Institution: Beijing, Cash Income and Expenditure of Financial Institution: Chongqing, Cash Income and Expenditure of Financial Institution: Fujian, Cash Income and Expenditure of Financial Institution: Gansu, Cash Income and Expenditure of Financial Institution: Guangdong, Cash Income and Expenditure of Financial Institution: Guangxi, Cash Income and Expenditure of Financial Institution: Guizhou, Cash Income and Expenditure of Financial Institution: Hainan, Cash Income and Expenditure of Financial Institution: Hebei, Cash Income and Expenditure of Financial Institution: Heilongjiang, Cash Income and Expenditure of Financial Institution: Henan, Cash Income and Expenditure of Financial Institution: Hubei, Cash Income and Expenditure of Financial Institution: Hunan, Cash Income and Expenditure of Financial Institution: Inner Mongolia, Cash Income and Expenditure of Financial Institution: Jiangsu, Cash Income and Expenditure of Financial Institution: Jiangxi, Cash Income and Expenditure of Financial Institution: Jilin, Cash Income and Expenditure of Financial Institution: Liaoning, Cash Income and Expenditure of Financial Institution: Ningxia, Cash Income and Expenditure of Financial Institution: Qinghai, Cash Income and Expenditure of Financial Institution: Shaanxi, Cash Income and Expenditure of Financial Institution: Shandong, Cash Income and Expenditure of Financial Institution: Shanghai, Cash Income and Expenditure of Financial Institution: Shanxi, Cash Income and Expenditure of Financial Institution: Sichuan, Cash Income and Expenditure of Financial Institution: Tianjin, Cash Income and Expenditure of Financial Institution: Tibet, Cash Income and Expenditure of Financial Institution: Xinjiang, Cash Income and Expenditure of Financial Institution: Yunnan, Cash Income and Expenditure of Financial Institution: Zhejiang, China Construction Bank (CCB): Bank Card Statistics, China Construction Bank (CCB): Loan and Deposit, China Construction Bank (CCB): Loan and Deposit: in Foreign Currency, China Everbright Bank (CEB): Loan and Deposit, China Everbright Bank (CEB): Loan and Deposit: in Foreign Currency, China Industrial Bank (CIB): Loan and Deposit, China Merchants Bank Co Ltd (CMB): Loan and Deposit, China Minsheng Banking Corporation Ltd: Loan and Deposit, Deposit by Enterprise: Prefecture Level City, Deposit by Enterprise: Prefecture Level Region, Foreign Exchange Settlement and Sales on behalf of Client by Bank, Foreign Related Receipt and Payment of Banks on behalf of Client, Guangdong Development Bank (GDB): Loan and Deposit, Guangdong Development Bank (GDB): Loan and Deposit: in Foreign Currency, Industrial and Commercial Bank of China (ICBC): Bank Card Statistics, Industrial and Commercial Bank of China (ICBC): Loan and Deposit, Industrial and Commercial Bank of China (ICBC): Loan and Deposit: in Foreign Currency, Loan: By Loan Category and Enterprise Size, Loan: Off-balance Sheet Credit Facilities, Loan: Overdue, Closed Down and Stopped Enterprise, Loan to Agricultural Sector: Prefecture Level City, Loan to Agricultural Sector: Prefecture Level Region, Loan to Commercial Sector: Prefecture Level City, Loan to Commercial Sector: Prefecture Level Region, Loan to Industrial Sector: Prefecture Level City, Loan to Industrial Sector: Prefecture Level Region, National Interbank Funding Centre (NIBFC): Interbank Call Loan Turnover, National Interbank Funding Centre (NIBFC): Interbank Call Loan Turnover: Daily, Official Reserve Asset and Other Foreign Currency Asset, Open Market Operation: Central Treasury Cash Management, Saving Deposit: Demand: Prefecture Level City, Saving Deposit: Demand: Prefecture Level Region, Saving Deposit: Time: Prefecture Level City, Saving Deposit: Time: Prefecture Level Region, Shanghai Pudong Development Bank (SPDB): Loan and Deposit, Shanghai Pudong Development Bank (SPDB): Loan and Deposit: in Foreign Currency, Source and Use of Credit Fund: Financial Institution: Annual (Old Classification). 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