Central Bank to Raise Reserve Ratio by 50 Basis Points

The People's Bank of China, the country's central bank, posted a notice to its official website at about 6pm this evening announcing that it had decided to increase the reserve ratio of deposit-taking financial institutions by 0.5 percentage points, as of November 29. The bank said the move was being made in order to strengthen liquidity management and to appropriately control credit and loans. This is the fifth time this year that the central bank has raised the ratio, taking the the required reserve ratio for large banks to 18.5 percent and to 18 percent for other banks.

Source
Peoples Bank of China

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