People’s Bank of China raises the reserve requirement ratio on foreign-exchange deposits by two percentage points
Question
People’s Bank of China raises the reserve requirement ratio on foreign-exchange deposits by two percentage points
Direct answer
The measure tightens foreign-currency liquidity conditions and may support the renminbi at the margin while affecting Chinese banks’ available foreign-exchange funding.
- Original publisher
- Market Ontology
- Evidence through
- 2026-11-05
- Published
- 2026-11-05
- Revision
- 1 · 2026-11-05
Cite as: Market Ontology, “People’s Bank of China raises the reserve requirement ratio on foreign-exchange deposits by two percentage points”, revision 1, evidence through 2026-11-05. https://marketontology.com/market-events/2026-11-05/people-s-bank-of-china-raises-the-reserve-requirement-ratio-on-foreign-exchange-4af2fe
How this development reaches the affected companies
| Asset | Exposure and channel | Direction | Evidence |
|---|---|---|---|
| USDCNH | A higher reserve requirement on foreign-exchange deposits can reduce excess foreign-currency liquidity and support the renminbi. | Down1-5d | The PBOC raised the foreign-exchange deposit reserve requirement ratio by two percentage points. |
| KWEB | The policy changes liquidity conditions, but its net effect on offshore Chinese equities depends on growth and currency expectations. | Watch1-4w | The announced measure targets banks’ foreign-exchange deposits rather than domestic equity-market liquidity. |
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