The People’s Bank of China has injected more money into the market via a targeted cut of the reserve requirement ratio (RRR) for inclusive financing as more financial institutions were able to enjoy preferential RRR policies. The central bank earlier this month cut its reserve requirement ratios by 100 bps amid persistent concerns about the health of the world’s second-largest economy. About CNY 800 billion of long-term capital was released by the above measures.
