December 20, 2018 / 10:08 AM / a month ago

China will strengthen oversight on banks' required reserves

BEIJING, Dec 20 (Reuters) - China will strengthen oversight on how banks manage their reserve requirements, the central bank said on Thursday.

The People’s Bank of China will impose penalties on delayed payments of required reserves, it said in a statement on its website. (Reporting by Beijing Monitoring Desk and Kevin Yao Editing by Jacqueline Wong)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below