PBOC: Raise FX deposit reserve ratio for financial institutions by 2 percentage points starting Nov 15

Zhitong Finance APP has learned that in order to strengthen the management of foreign exchange liquidity of financial institutions, the People's Bank of China has decided to raise the foreign exchange deposit reserve ratio of financial institutions by 2 percentage points starting from November 15, 2026, that is, to increase the foreign exchange deposit reserve ratio from the current 4% to 6%.