Chinese

Headline

China cuts RRR, lowers interest rates

2015-8-26 8:55:19

BEIJING — China’s central bank announced on Aug 25 that it would cut the reserve requirement ratio (RRR) and lower key interest rates to further reduce corporate financing costs.

According to the annoucement made by the People’s Bank of China, benchmark interest rates will be cut. From Aug 26, interest rates for one-year lending and deposits will be cut by 25 basis points to 4.6 percent and 1.75 percent respectively.

From Sept 6, the bank will also cut the RRR for financial institutions by 50 basis points. The RRR for financial leasing companies and auto financing companies will be lowered by 300 basis points.

(摘自中国政府网)

Our Leadership

Zhang Yongming Chairman ...

History and Growth

Promoting international trade, promoting utilization of foreign investment, prom...

About the CCPIT Beijing

CCPIT Beijing, a foreign economic and trade organization composed of representat...