About RMB50 billion will be released into the interbank system as a result of the Chinese central bank’s latest targeted bank reserve requirement ratio (RRR) cut. Therefore, the policy initiative’s direct impact is quite small and markets could be somewhat disappointed, according to a report by BofA Merrill Lynch Global Research. The People’s Bank of […]

Visit ChinaMoneyNetwork.com 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.