Data map: The People's Bank of China announced on the evening of the 14th that it will raise the RMB deposit reserve ratio of financial institutions by 0.5 percentage points from January 20, 2011.

Video: RMB deposit reserve ratio increased by 0.5 percentage pointsMedia source: Oriental TV "Oriental News"

　　Xinhuanet Beijing, January 14 (Reporter Wang Peiwei Wang Yu) The People's Bank of China announced on the evening of the 14th that the RMB deposit reserve ratio of financial institutions will be raised by 0.5 percentage points from January 20, 2011. This is also the first monetary policy action of the People's Bank of China in 2011.

　　After the increase, the deposit reserve ratio of China's large financial institutions will reach a historical high of 19%, and the deposit reserve ratio of small and medium-sized financial institutions will also be as high as 15.5%，Roughly estimated, after the increase, the central bank can freeze the liquidity of the banking system by about 350 billion yuan.

　　According to data released by the People's Bank of China, in 2010, China's annual RMB loans increased by 795 million yuan, exceeding the 7.5 trillion yuan credit scale set at the beginning of the year. At the same time, as of the end of December 2010, China's broad money supply (M2) balance reached 72.58 trillion yuan, an increase of 19.7% year-on-year, an increase of more than the 17% target set at the beginning of the year.

　　The People’s Bank Work Conference held recently held that in 2011, it is necessary to effectively manage liquidity and control the monetary conditions for excessively rising prices. The important measures for the liquidity of the general gate were listed as important measures for the work in 2011.