Chinese resereve requirements

Risk Aversion Up as Chinese Central Bank Lifts Reserve Requirements

January 13, 2010

The People’s Bank of China raised reserve requirements by a half-percentage point to 16% for large banks and 14% for smaller ones.  The backdrop for today’s sooner-than-anticipated onset of tightening was soaring bank lending, which increased 9.2 trillion yuan in January-November of 2009 ($1.35 trillion) and the fear of an asset bubble and higher general […] More