TIME­LINE

Hong Kong Tatler - - Con­tents -

Nov 21 China’s cen­tral bank re­duces the bench­mark one-year lend­ing rate by 40 ba­sis points (or 0.4 per cent) to 5.6 per cent

Feb 4 Banks’ re­serve re­quire­ments (the amount of cash they need to hold) is cut by 50bp to 19.5 per cent

Feb 28 One-year lend­ing rate low­ered by 25bp to 5.35 per cent Mar 30 Min­i­mum down pay­ment on sec­ond homes re­duced to 40 per cent from 70 per cent, and 5.6 per cent prop­erty trans­ac­tion tax elim­i­nated

Apr 19 Banks’ re­serve re­quire­ments cut by one per­cent­age point to 18.5 per cent

May 10 One-year lend­ing rate cut by 25bp to 5.1 per cent Jun 27 One-year lend­ing rate re­duced to a record low of 4.85 per cent, and re­serve re­quire­ments low­ered to 18 per cent

Aug 11 The ren­minbi is de­val­ued against the US dol­lar by 2 per cent

Aug 12 Fur­ther 1.6 per cent de­val­u­a­tion of the ren­minbi

Aug 25 One-year lend­ing rate cut by 25bp to new record low of 4.6 per cent, and re­serve re­quire­ments for banks cut to 17.5 per cent

Aug 26 In­jec­tion of RMB 140 bil­lion into the in­ter­bank money mar­ket via short-term liq­uid­ity op­er­a­tions (SLOS)

Aug 28 Fur­ther in­jec­tion of RMB 60 bil­lion into the in­ter­bank money mar­ket via SLOS Sep 30 Min­i­mum down pay­ment for first-time home­buy­ers cut to 25 per cent from 30 per cent

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.