Bloomberg News

China to Keep ‘Relatively Low’ Reserve Ratios for Small Banks

October 12, 2011

Oct. 12 (Bloomberg) -- China will maintain “relatively low” reserve ratios for small financial institutions, according to a statement on the government website today.

The Asian country will provide financial support and preferential tax policies for small companies, the statement said, citing a State Council meeting presided over by Premier Wen Jiabao. The government will be more tolerant of bad loan ratios for small company loans, the government said.

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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