China to raise reserve requirement ratio

时间：2007-09-07 06:01:43

（单词翻译:单击）

Sept. 7 - China will raise the reserve requirement ratio by 0.5 percentage points for commercial banks as of September 25, the People's Bank of China (PBOC) announced on Thursday.

 

It is the seventh time this year the Chinese government has opted1 to raise the reserve requirement ratio to curb2 excess liquidity3.

 

The central bank said the move was aimed at "strengthening liquidity management in the banking4 system and checking excessive money and credit growth".

 

PBOC statistics show that China's foreign exchange reserves reached US$1.33 trillion at the end of June, up 41.6 percent over the same period last year.

 

A total of US$266.3 billion was added to the country's foreign exchange reserves in the first half of 2007, US$144 billion more than a year earlier.

 
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1 opted 9ec34da056d6601471a0808ebc89b126     
v.选择，挑选( opt的过去式和过去分词 )
参考例句：
  • She was co-opted onto the board. 她获增选为董事会成员。
  • After graduating she opted for a career in music. 毕业后她选择了从事音乐工作。
2 curb LmRyy     
n.场外证券市场，场外交易；vt.制止，抑制
参考例句：
  • I could not curb my anger.我按捺不住我的愤怒。
  • You must curb your daughter when you are in church.你在教堂时必须管住你的女儿。
3 liquidity VRXzb     
n.流动性，偿债能力，流动资产
参考例句：
  • The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
  • The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。
4 banking aySz20     
n.银行业，银行学，金融业
参考例句：
  • John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
  • He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

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