China implements a lower deposit rate for small and medium-sized banks

                                                                                    INQUIRY

      The People's Bank of China (PBOC) said Monday that it decided to implement a lower preferential deposit reserve ratio for small and medium-sized banks focusing on local areas and serving counties from May 15. About 1,000 County-Level Agricultural and commercial banks could enjoy the preferential policy, releasing about 280 billion yuan of long-term funds, all for loans to private and small and micro enterprises. The adjustment of the reserve ratio will be implemented three times on May 15, June 17 and July 15.
The central bank said that after the adjustment, the criteria for the agricultural and commercial banks serving the counties were clear as follows: only operating in the county administrative region, or having branches in other county administrative regions, but with assets of less than 10 billion yuan. Agricultural and commercial banks meeting this requirement could file with the rural credit cooperatives and implement the same deposit reserve rate, thus simplifying the deposit reserve rate grade. Therefore, China's deposit reserve system will form a clearer and concise basic framework of "three grades and two advantages".
Specifically, according to the importance of financial institutions, the nature of institutions and the orientation of services, there are three benchmarks for deposit reserve ratio: the first is to implement a higher deposit reserve ratio for large banks, reflecting the requirements of preventing systemic risks and maintaining financial stability; the second is to implement a lower deposit reserve ratio for medium-sized banks than the first. In the third tier, banks serving the county should have a low reserve ratio of 8%.
"Two Excellent" means that there are two preferences on the basis of three benchmark grades: first, large banks and medium-sized banks can enjoy a 0.5 or 1.5 percentage point deposit reserve rate discount when they meet the evaluation criteria of inclusive financial directional reduction policy; second, banks in service counties can enjoy a percentage deposit reserve when they reach a certain proportion of new deposits for local loan assessment criteria. Gold rate is favorable. Considering that the banks serving the county as inclusive financial institutions have enjoyed a lower deposit reserve ratio in the third tier, they no longer enjoy the preferential assessment of inclusive financial orientation reduction. After enjoying the "two excellences", the actual deposit reserve ratio of financial institutions is lower than the benchmark level.


INQUIRY sales@hellerbearings.com
  • Details： China implements a lower deposit rate for small and medium-sized banks

  • Like Model No.:

  • We cooperate with UPS,TNT,FEDEX,EMS,DHL,etc.They guarantee to meet your needs in terms of time and money,even if you need your China implements a lower deposit rate for small and medium-sized banks bearing tomorrow morning (aka overnight or next day air) on your desk, 2, 3 days or more.Note to international customers, YES, we ship worldwide. INQUIRY -->

    Hot Model No.: