TABLE-Estimates of cash released by China's RRR cuts

Sun Jun 15, 2014 5:00pm EDT

Related Topics

BEIJING, June 16 (Reuters) - Two cuts in reserve
requirements for selected banks by the People's Bank of China
(PBOC) since April are estimated to have released 150 billion
yuan ($24 billion) into the world's second-largest economy, the
median forecasts in a Reuters poll of analysts show.
    Separately, sources have said the central bank has also
conducted two "re-lending" exercises, where it lent a total of
400 billion yuan to commercial banks so that they can re-lend
the cash to companies to spur economic growth.
    Sources told Reuters the first loan was worth 300 billion
yuan and the money was given to China Development Bank to
refurbish shanty towns, and the second was disbursed to several
small- and medium-sized banks to fund farming projects 
 .
    For a related story, please see 
    
    AMOUNT OF CASH FREED UP BY CUTS IN RRR
    (in billion yuan)
                                        JUN 9       APR 22 
    Bank of America-Merrill Lynch        50           78    
    Capital Economics                   50-60        50-60
    Merchant Securities                 50-60         100    
    Shenyin & Wanguo Securities         60-70        60-100
    Barclays                             70           100    
    HSBC                                 70          50-100
    Bank of China International          70           80 
    Essence Securities                  50-100       50-100
    Nomura                               95          80-90      
  
    Everbright Securities               <100          <50
    Standard Chartered                   100          300
    ---------------------------------------------------------
    MEDIAN                               70           80 
    ---------------------------------------------------------
($1 = 6.2060 yuan)

 (Reporting by Koh Gui Qing, Aileen Wang and Shao Xiaoyi;
Editing by John Mair)
FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.