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China to make loan-to-deposit rule more flexible

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China will increase the flexibility of a rule that requires banks to lend no more than 75 per cent of their deposits, the cabinet said on Wednesday after a weekly meeting.

[BEIJING] China will increase the flexibility of a rule that requires banks to lend no more than 75 per cent of their deposits, the cabinet said on Wednesday after a weekly meeting.

The government will also remove a requirement for Chinese companies to be profitable for a prolonged period of time before they list on stock markets, the cabinet said.

REUTERS

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