«As growth slows and risk of deflation heightens, we reiterate that China needs to cut reserve requirement ratio (RRR) by another 50bps in Q4,» ANZ economists Li - gang Liu and Louis Lam, said in a note. (cnbc.com)
The financial sector rose nearly 1 per cent, after the People's Bank of China said late on Tuesday it would slash reserve requirement ratios (RRRs) for most banks by 100 basis points (bps), a move analysts say will reduce financing costs for lenders. (afr.com)
Hong Kong stocks rose on Wednesday, breaking a four - day losing streak, as China's surprise cut in banks» reserve requirement ratios buoyed financial shares. (afr.com)