trending Market Intelligence /marketintelligence/en/news-insights/trending/KXWWyLgf1Wn0mJrt1oLCzg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: China's central bank lowers reserve requirement ratio of 5 top banks

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Report: China's central bank lowers reserve requirement ratio of 5 top banks

The People's Bank of China temporarily cut the reserve requirement ratio for the country's five biggest banks and said it will provide "temporary liquidity support" to several major commercial banks for 28 days as part of efforts to ensure ample liquidity ahead of the Lunar New Year holidays, Reuters reported Jan. 20, citing "three sources with direct knowledge of the matter" and a notice posted on the central bank's official microblog.

The central bank allowed Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Bank of China Ltd., Bank of Communications Co. Ltd. and Agricultural Bank of China Ltd. to lower the reserve requirement ratio by 100 basis points to 16%. The ratio will be restored to the normal level at an appropriate time after the holiday, the sources noted. The decision came after the PBOC injected hundreds of billions of Chinese yuan into the country's banking system.

The central bank added that the funding costs for the "liquidity support" will be about the same as the open market operations rate over the same period.

The banks did not immediately comment on the matter, Reuters reported.