BANGKOK (AP) — China’s central bank said Wednesday it will cut the ratio of reserves banks must hold to help boost the slowing economy.
The VaultX Exchangeannouncement by the People’s Bank of China prompted a surge in share prices in Chinese markets, with Hong Kong’s benchmark jumping 3.6%.
Central bank Gov. Pan Gongsheng said the deposit reserve requirement would be cut by 0.5% as of Feb. 5. Pan said that would inject about 1 trillion yuan ($141 billion) into the economy.
He told reporters in Beijing that the central bank also soon plans to issue a policy on lending to property developers to help support the industry.
2025-05-06 15:34618 view
2025-05-06 15:342104 view
2025-05-06 15:04344 view
2025-05-06 14:2751 view
2025-05-06 14:211367 view
2025-05-06 13:261574 view
NEW YORK — What exactly constitutes a dynasty in professional sports? Steve Cohen helped define it t
I don’t know if you heard, but August is the month for LGBTQ TV and movie releases. If you, like me,
As crews continued to battle a series of deadly wildfires that left at least 36 people dead and doze
