Data in China | 0.5% RRR cut! China's new financial stimulus package to take effect from May 15

China has announced a package of major policies to stabilise the market and expectations recently, including a 0.5 percentage point cut to the reserve requirement ratio (RRR) for financial institutions from May 15. This is expected to provide about 1 trillion yuan (about 138.9 billion U.S. dollars) in long-term liquidity to the market. Amid rising external risks, financial regulators are working not only to prevent market turbulence but also to roll out additional policy support and strengthen backing for the real economy. (Text/Ma Ziqian, Picture/Jia Zifan)