Thursday, January 19, 2017

UPDATE 1-China cuts reserve ratios for big 5 banks temporarily amid cash crunch-sources

SHANGHAI, Jan 20 (Reuters) - China has allowed its five

biggest banks to temporarily lower the amount of money that they

must hold as reserves to relieve pressure in its financial

system as demand for cash surges ahead of the Lunar New year

holiday, three sources with direct knowledge of the matter said.

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