As trade war looms, China cuts some banks' reserve requirements to boost lending
June 24, 2018 at 09:21 AM EDT
BEIJING (Reuters) - China's central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.