The move by the People's Bank of China to cut bank reserve requirements is aimed at freeing up funds for small companies. Photo: Simon Song

China’s stocks stage comeback after central bank unleashes funds by lowering reserve requirements

Financial stocks rally in the mainland and Hong Kong after the People’s Bank of China cuts the reserve requirement ratio by 1 percentage point, releasing about 1.3 trillion yuan in liquidity.

Topic |   Stocks

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The move by the People's Bank of China to cut bank reserve requirements is aimed at freeing up funds for small companies. Photo: Simon Song
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