Comments() 
Print 
Mail 
Large Medium SmallBEIJING - Chinese shares closed down Monday after China's central bank announced a second cut in banks' reserve requirement ratio (RRR) this year.
The benchmark Shanghai Composite Index fell 0.6 percent to 2,380.73.
The Shenzhen Component Index lost 1.16 percent to 10,093.38.
The People's Bank of China said late Saturday that it will lower RRR for banks by 50 basis points starting May 18, in an effort to inject liquidity to buoy the economy.
Copyright 1995 - 2010 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
