PBOC may cut RRR, lift MLF and reverse repo yields - China Press

The China Securities Journal, a financial column sponsored by the state-run Xinhua News Agency, is reporting that the People's Bank of China (PBoC), may be getting ready to make some key rate adjustments.

Key highlights

China Securities Regulatory Commission (CSRC) may approve around 300 billion yuan in funds for the Chinese Depositary Receipt (CDR) today.

PBoC planning to cut the Reserve Requirement Ratio (RRR) for 'some' banks, to help repay the Medium-term Lending Facility (MLF).

PBoC may also raise yields of RRs and MLFs in the 'near future'.