Notice by the People's Bank of China of Reducing the Reserve Requirement Ratios for Some Financial Institutions | | 中国人民银行关于下调部分金融机构存款准备金率的通知 |
(No. 85 [2020] of the People's Bank of China) | | (银发[2020]85号) |
The Shanghai Head Office of the People's Bank of China (“PBC”); all branches and operations offices of the PBC; all central sub-branches of the PBC in capital cities of provinces (or autonomous regions) and the Central Sub-branch of the PBC in Shenzhen: | | 中国人民银行上海总部,各分行、营业管理部、省会(首府)城市中心支行,深圳市中心支行: |
For the purposes of supporting the development of the real economy, promoting the provision of more support for micro, small and medium-sized enterprises, and lowering the actual cost of social financing, the PBC has decided to reduce the reserves requirement ratios (RRRs) for some financial institutions by 1% in two stages. You are hereby notified of the relevant matters as follows: ...... | | 为支持实体经济发展,促进加大对中小微企业的支持力度,降低社会融资实际成本,中国人民银行决定降低部分金融机构存款准备金率1个百分点,分两次实施到位。现将有关事项通知如下: ...... |
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