![China to cut banks’ FX reserve ratio to rein in yuan weakness By Reuters China to cut banks’ FX reserve ratio to rein in yuan weakness By Reuters](https://shmi.ir/wp-content/uploads/2023/09/1693761623_China-to-cut-banks-FX-reserve-ratio-to-rein-in-150x203.jpg)
[ad_1] © Reuters. FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China, February 3, 2020. REUTERS/Jason Lee/File Photo SHANGHAI/SINGAPORE (Reuters) -China’s central bank said on Friday it will cut the amount of foreign exchange that financial institutions must hold as reserves for the first time this