Bank of China reduced the rate of required foreign exchange reserves by 2% to 6%, - NBK

Bank of China reduced the rate of required foreign exchange reserves by 2% to 6%, - NBK
Photo by Hanson Lu / Unsplash

Reducing reserves will allow money to be redirected to lending. The new loans will stimulate supply and demand.

Earlier, the Bank of China announced "policy support" for companies.

This is a big positive for Chinese companies. However, there are still geopolitical risks from the U.S., which could hit the bigtechs hard.