Central bank raised the RMB deposit reserve ratio of financial institutions by 0.5 percentage points
People’s Bank of China , from May 18, 2011 , will raise deposit-taking financial institutions of RMB deposit reserve ratio by 0.5 percentage points. Therefore, the RMB deposit reserve ratio reaches 21% and creates a new high record in the history. Moreover, there is still space for China increasing its RMB deposit reserve ratio.
Central bank survey showed over 70% Beijing residents have houses, nearly 20% have more than one housing unit
Business Management Department of the Bank in the fourth quarter 2010 purchase of the situation of urban residents in Beijing questionnaire survey: full ownership of Beijing residents was 72.4% occupied housing, more housing units has reached 18.3%; residents that house prices were too high or the high proportion of 64% and 29.8%;
In recent years, central bank interest rate adjustment schedule
People’s Bank of China, from December 26, 2010, financial institutions raised the benchmark deposit and lending rates. The one-year deposit and lending rates are increased by 0.25 percentage points, respectively, other deposit and lending interest rate adjusted accordingly. Following is a schedule of interest rate adjustments in recent years:
December 25, 2010, one-year deposit and lending rates are increased by 0.25 percentage points, respectively,
October 19, 2010, one-year benchmark deposit and lending interest rates are increased by 0.25 percentage points
December 22, 2008, one-year deposit and lending rates are decreased by 0.27 percentage points
November 26, 2008, one-year deposit and lending rates are decreased by 1.08 percentage points lower
October 30, 2008, one-year deposit and lending rates are decreased by 0.27 percentage points
October 9, 2008, one-year deposit and lending rates are decreased by 0.27 percentage points
September 16, 2008, one-year benchmark lending rate are decreased by 0.27 percentage points
December 20, 2007, on the one-year benchmark deposit rate is increased by 0.27 percentage points; year benchmark lending rate is increased by 0.18 percentage points
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