芜湖城南过江隧道招标:China's monetary policy in 2010
China to continue fiscal and monetary policies next year
China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday.
Chinese President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development during the next year.
China to raise deposit reserve requirement ratio by 0.5 percentage points
The People's Bank of China (PBOC), the central bank, announced on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage points from Jan. 18 this year.
The ratio at small financial institutions such as the rural credit cooperatives would remain unchanged to support the agriculture sector, the PBOC said in a statement.
China raises banks' reserve deposit ratio by 0.5 percentage points
The People's Bank of China (PBOC), the country's central bank, announced Friday it will raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions by 0.5 percentage points from Feb. 25 this year.
The ratio would not change for small financial institutions, such as the rural credit cooperatives, as the PBOC wants to support the "sannong" -- farmers, rural areas, and agriculture -- and the county-level economy.
China to raise deposit reserve requirement ratio by 0.5 percentage points
The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10.
The ratio for the rural credit cooperatives and rural banks would remain unchanged at 13.5 percent, said the PBOC in a statement on its website.
China's central bank raises 6 big lenders' reserve ratio to check inflation
China's central bank has temporarily raised the reserve requirement ratio of the four major state-owned lenders and two privately-owned banks, sources told Xinhua Tuesday.
Banks must keep an extra 50 basis points, or 0.5 percentage points, in reserves, to check lending, the sources said.
China central bank raises deposit rate by 0.25 percentage points
China's central bank Tuesday announced a rise of its benchmark one-year lending and deposit rate by 0.25 percentage points effective from Oct. 20, a move widely seen as the government's action against inflationary pressure.
The People's Bank of China (PBOC) said in a statement on its website that the one-year deposit rate will rise from 2.25 percent to 2.50 percent, and the one-year lending rate will increase from 5.31 percent to 5.56 percent.
China to raise banks' reserve requirement ratio by 50 basis points
The People's Bank of China (PBOC), China's central bank, said Wednesday it will raise the deposit reserve requirement ratio (RRR) for Chinese deposit-taking financial institutions by 50 basis points from Nov. 16.
The RRR for the four big state-owned banks -- the Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China (ABC) -- will stand at 18 percent once the rise takes effect.
China to raise banks' reserve requirement ratio by 50 basis points
China's central bank Friday ordered banks to set aside an additional 0.5 percent of their deposits from Nov. 29, the fifth such hike this year and the second increase this month.
The People's Bank of China said the move was aimed at "enhancing liquidity management and moderately regulating credit supply." The increase was estimated to freeze liquidity of about 300 billion yuan (44.8 billion U.S. dollars).
China to shift to prudent monetary policy next year
China said on Friday that it will switch its monetary policy stance from relatively loose to prudent next year to tackle rising inflation and keep economic growth at sustainable pace.
The Political Bureau of the Communist Party of China (CPC) Central Committee agreed in a meeting, chaired by President Hu Jintao, also general secretary of the CPC Central Committee, that the country would continue the proactive fiscal policy next year.
China vows to ensure stable, healthy economic development next year
China will enhance and improve macro-economic regulation to ensure stable and healthy economic development next year, said a statement released Sunday after the annual Central Economic Work Conference.
Next year's macro-regulation should basically be proactive, stable, prudent and flexible, the statement said.
China further hikes bank reserve ratio in fight against inflation
China's central bank Friday announced the third increase of the reserve requirement ratio (RRR) for banks in a month, an unprecedented move pointing to the urgency of curbing runaway lending amid accelerating inflation.
The People's Bank of China (PBOC) said on its website that it would lift the bank reserve requirement ratio by 50 basis points from Dec. 20.
Backgrounder: China's pro-active fiscal policy and moderately loose monetary policy
Backgrounder: China's stimulating policies in financial crisis
Backgrounder: Changes to China's deposit reserve requirement ratio since 2008