The People's Bank of China says today that certain qualifying Chinese banks' reserve requirement ratios will be reduced by 0.5%, effective June 16, according to an announcement by the Chinese central bank. The policy initiatives apply to Chinese commercial banks that issued more than 50% of new loans to the agriculture sector, or to the […]

Visit for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.

Visit the original source and full text: China Money Network