The People's Bank of China will raise the reserve requirement ratio on yuan deposits of offshore bank

Market news

18 January 2016

The People's Bank of China will raise the reserve requirement ratio on yuan deposits of offshore bank

The People's Bank of China (PBoC) said on Monday that it raised the reserve requirement ratio on yuan deposits of offshore banks.

The central bank noted that the ratio will be raised to "normal levels" from zero.

Changes will be effective on January 25.

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