People's Bank of China decided to cut special deposits from financial companies on December 15, 2021

People's Bank of China: RRR reduction is widespread. With the exception of some financial institutions using a special interest rate of 5%, other financial institutions generally reduce their capital requirements by 0.5%. At the same time, including the implication of positive outcomes, the majority of financial institutions eligible for RRR funding reductions were able to meet the criteria for evaluating agriculture and small business support operations ( including private and commercial establishments) and achieve policy objectives. Relevant financial institutions followed the best deposit ratio, this time lowering the RRR and releasing a total of 1,200 billion yuan of long-term funds. (Ten of gold)