Caixin
Aug 29, 2011 03:48 PM

China to Increase Reserve Requirements for Margin Deposits

(Beijing) -- China will raise reserve requirements on commercial bank margin deposits to strengthen liquidity controls under growing inflationary pressure, an official from the central bank told Caixin on August 27.

The reserve requirement will be extended to the margin deposits on commercial banks' letter of guarantee, banker's acceptance, letter of credit and structural wealth management products, according to sources close to the matter.

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