Business / Markets

China cuts RRR for rural financial institutions

(Xinhua) Updated: 2014-04-22 17:10
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China cuts RRR for rural financial institutions
Rural banking opens to individuals 

BEIJING -- China's central bank said Tuesday that it will cut the reserve requirement ratio for county-level rural commercial banks by 2 percentage points and that for rural credit cooperative unions by 0.5 percentage point, starting Friday.

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