https://www.reuters.com/world/china/china-cuts-reserve-requi...
https://www.reuters.com/world/china/china-cuts-reserve-requirements-banks-economy-slows-2022-04-15/
“China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth.”
$Futu Holdings Ltd(FUTU.US$
$Alibaba(BABA.US$
“China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth.”
$Futu Holdings Ltd(FUTU.US$
$Alibaba(BABA.US$
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Btan : Growth coming
mooo moooOP Btan: Yes. Finally something substantial from the China government on how they plan to support their economy!
娜娜的粉丝 : Compared with the economic losses caused by the closure of the city, 530 billion is simply not enough.
mooo moooOP 娜娜的粉丝: Yes. I agree. hopefully this is just the first of many and the government realised that they need to do more.
101583916 娜娜的粉丝: No, it's a big number, considering that the one-day closure loss of Shanghai is 600 million.
MonkeyGee : They also say they support ADRs