Cash Reserve Ratio in China remained unchanged at 7.50 percent in August. Cash Reserve Ratio in China averaged 12.46 percent from 1987 until 2025, reaching an all time high of 21.50 percent in June of 2011 and a record low of 6.00 percent in November of 1999. source: People's Bank of China



Related Last Previous Unit Reference
Banks Balance Sheet 4620859.33 4621754.90 CNY Hundred Million Jul 2025
Reserve Requirement Ratio for Large Banks 7.50 7.50 percent Aug 2025
Central Bank Balance Sheet 459493.86 457823.75 CNY Hundred Million Jul 2025
Foreign Exchange Reserves 3292000.00 3317000.00 USD Million Jul 2025
Interbank Rate 1.55 1.55 percent Sep 2025
Loan Prime Rate 1Y 3.00 3.00 percent Aug 2025
Liquidity Injections Via Reverse Repo 212.60 229.10 CNY Billion Sep 2025
Outstanding Loan Growth YoY 6.90 7.10 percent Jul 2025
Loans To Banks 2661265.63 2663550.76 CNY Hundred Million Jul 2025
Loans to Households 835104.95 839997.99 CNY Hundred Million Jul 2025
Money Supply M0 13284.48 13182.72 CNY Billion Jul 2025
Money Supply M1 111058.69 113949.41 CNY Billion Jul 2025
M2 Money Supply YoY 329940.00 330332.50 CNY Billion Jul 2025
7-Day Reverse Repo Rate 1.40 1.40 percent Jul 2025



China Reserve Requirement Ratio for Large Banks
In China, Cash Reserve Ratio includes data on the reserve requirement ratio (RRR) set by the People's Bank of China (PBoC) for large commercial banks. The RRR is the percentage of customer deposits that banks must keep in reserve and not lend out. For major banks like ICBC, BOC, ABC, and CCB, this ratio is an important tool the PBoC uses to manage money supply, control inflation, and guide the economy. Changes in the RRR reflect the central bank's monetary policy direction and impact how much banks can lend.
Actual Previous Highest Lowest Dates Unit Frequency
7.50 7.50 21.50 6.00 1987 - 2025 percent Monthly

News Stream
China Cuts RRR, Short-Term Rates to Spur Growth
The People's Bank of China (PBoC) lowered the reserve requirement ratio (RRR) for banks by 50bps, the second reduction this year aimed at bolstering a stuttering economy. The change, which takes effect today, Sept. 27, was signaled earlier in the week by Governor Pan Gongsheng, bringing the weighted average RRR to 6.6%. This move will free up about CNY 1 trillion in new lending, with the central bank leaving room for another cut this year. Additionally, the PBoC trimmed the 7-day reverse repo rate by 20bps to 1.5%. This rate is used to determine the nation's key lending rates. It also stated interest rates for 14-day reverse repos, as well as temporary repos and reverse repos, will continue to be adjusted in line with changes to the 7-day reverse repo rate. China has ramped up the rollout of policy initiatives this week, with its top decision-making body, the Politburo, pledging to introduce further fiscal and monetary support measures to prevent further deterioration of the economy.
2024-09-27
China Announces More Support Measures for the Economy
The People's Bank of China (PBoC) introduced several measures to boost the economy amid concerns that the official growth target of around 5% might be out of reach due to recent weak data. Governor Pan Gongsheng said in a media briefing today that the central bank will cut the reserve requirement ratio (RRR) by 50bps, which will inject CNY 1 trillion into the financial system, with the possibility of another reduction of 0.25 to 0.5 ppts later this year. In addition, the PBoC will lower the seven-day reverse repo rate by 20bps to 1.5%, aiming to reduce short-term borrowing costs for banks. This move is accompanied by a 30bps reduction in borrowing costs of the medium-term lending facility. Mortgage rates will also be trimmed, with an expected average drop of 50bps, and the minimum down payment for second homes will be cut to 15% from 25%. Pan did not specify when the moves will take effect. Tuesday's action came after the US Fed started its monetary easing cycle with a large rate cut.
2024-09-24