Cash Reserve Ratio in China remained unchanged at 12.50 percent in May from 12.50 percent in April of 2020.

Cash Reserve Ratio in China averaged 13 percent from 1987 until 2020, reaching an all time high of 21.50 percent in June of 2011 and a record low of 6 percent in November of 1999. This page provides - China Cash Reserve Ratio- actual values, historical data, forecast, chart, statistics, economic calendar and news. China Cash Reserve Ratio Big Banks - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: People's Bank of China

Cash Reserve Ratio in China is expected to be 12.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Cash Reserve Ratio in China to stand at 12.00 in 12 months time. In the long-term, the China Cash Reserve Ratio Big Banks is projected to trend around 12.00 percent in 2021, according to our econometric models.

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China Cash Reserve Ratio Big Banks

Actual Previous Highest Lowest Dates Unit Frequency
12.50 12.50 21.50 6.00 1987 - 2020 percent Monthly

News Stream
PBoC Cuts RRR for Small Banks amid Covid-19 Crisis
The People's Bank of China announced it will cut the reserve requirement ratio for mid-sized and small banks by 100bps, in two phases, releasing around CNY 400 billion to support the economy hurt by the Covid-19 pandemic. The first cut of 50bps will be effective as of April 15th, and second cut of another 50bps will be effective as of May 15th. In addition, financial institutions' excess reserve requirement ratio with the central bank would be reduced to 0.35 percent from 0.72 percent, effective April 7th. Meanwhile, the reserve requirement ratio (RRR) for large banks was kept at 12.5 percent.
PBoC Cuts RRR for Some Banks
The People's Bank of China lowered the reserve requirement ratio by 50-100bps for banks that have met inclusive financing targets on March 13th, but held the ratio for large banks at 12.5 percent. It was the second cut this year, allowing the release of CNY 550 billion, or USD 79 billion, in liquidity to support the economy hurt by the Covid-19 pandemic. The bank also said it was slashing the RRR for qualified joint-stock banks by an additional 100 bps.
China Cuts RRR by 50Bps
The People's Bank of China will lower its reserve requirement ratios by 50bps effective on January 6th 2020, aiming to boost growth and reduce borrowing costs. The RRR for big banks will then be cut to 12.5% from 13%. The move is seen reducing banks’ annual funding costs by CNY 15 billion. It adds to a series of other measures taken by the central bank since last year to support growth, including cuts in key loan prime rates and reverse repo rates. The PBoC reinforced it will continue to pursue a prudent and flexible monetary policy but markets expect the PBoC to adopt an easier monetary policy stance in 2020.
China Cuts Bank's Reserve Ratios by 50 bps
The People's Bank of China decided to cut the amount of cash that banks must hold as reserves for the third time this year on September 6th, releasing a total of 900 billion yuan in liquidity to help the slowing economy. Starting September 16th, the reserve requirement ratio (RRR) will lowered by 50 basis points for all banks, to 13 percent for a big banks and to 11 percent for small banks, with an additional 100 bps cut for some qualified smaller lenders.