Property News · June 27, 2018

Will the US$106b freed from the reserve requirement cut flow to China’s struggling property developers?


The Chinese central bank’s move to inject 700 billion yuan (US$106 billion) into the banking system through a reserve requirement ratio (RRR) cut will not help to ease liquidity concerns of property developers, as they will not be able to access the funds because of the heavy curbs imposed on them, say analysts.
The People’s Bank of China announced a 50 basis points cut in the RRR over the weekend, which takes effect from July 5, as part of a “targeted easing”. This…

Source : South China Morning Post
Read more…Will the US6b freed from the reserve requirement cut flow to China’s struggling property developers?

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