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Pan Gongsheng, governor of the People's Bank of China, said at a press conference on May 7 that the deposit reserve system will be improved, and the deposit reserve ratio of automobile finance companies and financial leasing companies will be reduced from the current 5% to 0% in stages.

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2025-05-07 01:20:15
People's Bank of Chinadesk3cryptocurrencydesktopCrypto News
Pan Gongsheng, governor of the People's Bank of China, said at a press conference on May 7 that the deposit reserve system will be improved, and the deposit reserve ratio of automobile finance companies and financial leasing companies will be reduced from the current 5% to 0% in stages.
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Pan Gongsheng, governor of the People's Bank of China, said at the press conference of the State Council Information Office on May 7 that the interest rate of structural monetary policy tools was lowered by 0.25 percentage points, including: the interest rate of structural tools for various special projects and the interest rate of re-loans to support agriculture and small-scale enterprises.
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Li Yunze, director of the State Administration of Financial Supervision, said at the press conference of the State Council Information Office on May 7 that the introduction of a series of financing systems that are compatible with the new model of real estate development will be accelerated in the near future.

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