🔥 China will cut reserve requirements to inject $138B into the financial system
The People's Bank of China will reduce reserve requirement ratios by 25 - 50 basis points to release approximately 1 trillion yuan (approximately $138B) into the financial system.
Previously, China injected 619 billion yuan through reverse repos into the financial system, positively impacting the Chinese stock market.
In Q1, China also purchased a large amount of gold, raising total reserves to over 2,000 tons, causing gold prices to surge to approximately $3,500.
