China's central bank to raise forex reserve requirement ratio for financial institutions

AI-generated NewsSnap summary based on source reporting.
Published: 2026-11-03T01:26:00Z
Category: finance
Source: Chinadaily.com.cn

The People's Bank of China (PBOC) announced it will increase the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points to 6 percent, effective November 15. This move aims to strengthen the management of foreign exchange liquidity.

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