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Skylarthe财神
2024-09-24

Oo k ivt candv on o it lllll all KK of xx v de. Brliiss m xx i can xh

China Will Cut Reserve Requirement Ratio by 50 Basis Points, PBOC Chief Says

China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio

China Will Cut Reserve Requirement Ratio by 50 Basis Points, PBOC Chief Says

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Brliiss m xx i can xh&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Oo k&nbsp; ivt candv on o it lllll all KK of xx v de. Brliiss m xx i can xh&nbsp;</p></body></html>","text":"Oo k ivt candv on o it lllll all KK of xx v de. Brliiss m xx i can xh","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/352764892946560","repostId":2469109235,"repostType":2,"repost":{"id":"2469109235","kind":"live","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1727140076,"share":"https://ttm.financial/m/news/2469109235?lang=en_US&edition=fundamental","pubTime":"2024-09-24 09:07","market":"us","language":"en","title":"China Will Cut Reserve Requirement Ratio by 50 Basis Points, PBOC Chief Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2469109235","media":"Tiger Newspress","summary":"China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio","content":"<html><head></head><body><ul style=\"\"><li><p><strong>China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.</strong></p></li><li><p><strong>Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.</strong></p></li><li><p><strong>The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week.</strong></p></li></ul><p>China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.</p><p style=\"text-align: start;\">Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.</p><p style=\"text-align: start;\">The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week. That kicked off an easing cycle that gave China’s central bank further room to cut its rates and boost growth in the face of deflationary pressure.</p><p style=\"text-align: start;\">Pan became PBOC governor in July 2023. During his first press conference as central bank governor in January, Pan said the PBOC would cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR. Such policy announcements are rarely made during such events, and are typically disseminated through online releases and state media.</p><p style=\"text-align: start;\">He then told reporters in March, alongside China’s annual parliamentary meeting, there was room to cut the RRR further. Such a reduction is widely expected in coming months.</p><p style=\"text-align: start;\">Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. The PBOC on Friday did not change its loan prime rate, a benchmark that affects corporate and household loans, including mortgages.</p><p style=\"text-align: start;\">China’s government system also means that policy is set at a far higher level than that of the financial regulators speaking Tuesday. Such top-level meetings in July called for efforts to reach full-year growth targets and to boost domestic demand.</p><p>While the PBOC kept the loan prime rate unchanged in the days since the Fed’s cut, it has moved to lower a short-term rate, which determines the supply of money. The PBOC on Monday lowered the 14-day reverse repo rate by 10 basis points to 1.85%, but did not reduce the 7-day reverse repo rate, which was cut in July to 1.7%. Pan has indicated he would like the 7-day rate to become the main policy rate.</p><p style=\"text-align: start;\">China’s economic growth has slowed, dragged down by the real estate slump and low consumer confidence. Economists have called for more stimulus, especially on the fiscal front.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Will Cut Reserve Requirement Ratio by 50 Basis Points, PBOC Chief Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Will Cut Reserve Requirement Ratio by 50 Basis Points, PBOC Chief Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-09-24 09:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p><strong>China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.</strong></p></li><li><p><strong>Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.</strong></p></li><li><p><strong>The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week.</strong></p></li></ul><p>China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.</p><p style=\"text-align: start;\">Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.</p><p style=\"text-align: start;\">The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week. That kicked off an easing cycle that gave China’s central bank further room to cut its rates and boost growth in the face of deflationary pressure.</p><p style=\"text-align: start;\">Pan became PBOC governor in July 2023. During his first press conference as central bank governor in January, Pan said the PBOC would cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR. Such policy announcements are rarely made during such events, and are typically disseminated through online releases and state media.</p><p style=\"text-align: start;\">He then told reporters in March, alongside China’s annual parliamentary meeting, there was room to cut the RRR further. Such a reduction is widely expected in coming months.</p><p style=\"text-align: start;\">Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. The PBOC on Friday did not change its loan prime rate, a benchmark that affects corporate and household loans, including mortgages.</p><p style=\"text-align: start;\">China’s government system also means that policy is set at a far higher level than that of the financial regulators speaking Tuesday. Such top-level meetings in July called for efforts to reach full-year growth targets and to boost domestic demand.</p><p>While the PBOC kept the loan prime rate unchanged in the days since the Fed’s cut, it has moved to lower a short-term rate, which determines the supply of money. The PBOC on Monday lowered the 14-day reverse repo rate by 10 basis points to 1.85%, but did not reduce the 7-day reverse repo rate, which was cut in July to 1.7%. Pan has indicated he would like the 7-day rate to become the main policy rate.</p><p style=\"text-align: start;\">China’s economic growth has slowed, dragged down by the real estate slump and low consumer confidence. Economists have called for more stimulus, especially on the fiscal front.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","HSI":"恒生指数","09988":"阿里巴巴-W","09618":"京东集团-SW","00700":"腾讯控股"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20240924:nL4N3L602A:2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2469109235","content_text":"China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week.China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR, People’s Bank of China Gov. Pan Gongsheng said during a press conference on Tuesday.Pan, who was speaking to reporters alongside two other financial regulator heads, did not indicate exactly when the central bank would ease policy but indicated it would happen by the end of the year.The relatively rare high-level press conference was scheduled after the U.S. Federal Reserve cut interest rates last week. That kicked off an easing cycle that gave China’s central bank further room to cut its rates and boost growth in the face of deflationary pressure.Pan became PBOC governor in July 2023. During his first press conference as central bank governor in January, Pan said the PBOC would cut the amount of cash banks need to have on hand, known as the reserve requirement ratio, or RRR. Such policy announcements are rarely made during such events, and are typically disseminated through online releases and state media.He then told reporters in March, alongside China’s annual parliamentary meeting, there was room to cut the RRR further. Such a reduction is widely expected in coming months.Unlike the Fed’s focus on a main interest rate, the PBOC uses a variety of rates to manage monetary policy. The PBOC on Friday did not change its loan prime rate, a benchmark that affects corporate and household loans, including mortgages.China’s government system also means that policy is set at a far higher level than that of the financial regulators speaking Tuesday. Such top-level meetings in July called for efforts to reach full-year growth targets and to boost domestic demand.While the PBOC kept the loan prime rate unchanged in the days since the Fed’s cut, it has moved to lower a short-term rate, which determines the supply of money. The PBOC on Monday lowered the 14-day reverse repo rate by 10 basis points to 1.85%, but did not reduce the 7-day reverse repo rate, which was cut in July to 1.7%. Pan has indicated he would like the 7-day rate to become the main policy rate.China’s economic growth has slowed, dragged down by the real estate slump and low consumer confidence. Economists have called for more stimulus, especially on the fiscal front.","news_type":1,"symbols_score_info":{"HSI":1.1,"09988":1.1,"09618":1.1,"00700":1.1,"HSTECH":1.1}},"isVote":1,"tweetType":1,"viewCount":1901,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":50,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}