Foreign exchange reserve requirement rises to 6 percent
Financial institutions must meet a higher foreign exchange reserve requirement under a People's Bank of China decision. The ratio rises from 4 percent to 6 percent on November 15, 2026, to strengthen foreign exchange liquidity management.
Two percentage points higher
The People's Bank of China (PBOC) has decided to increase the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points.
The ratio will rise from the current 4 percent to 6 percent, effective November 15, 2026.
The PBOC states that the purpose is to strengthen the management of foreign exchange liquidity at financial institutions.
The decision concerns the reserve requirement for foreign exchange, rather than a policy interest rate.
It specifies a single increase, with the new ratio and its effective date applying to the financial institutions covered by the announcement.
A short operational notice
The notice gives the existing ratio, the replacement ratio and the implementation date, but provides no further explanation of the liquidity conditions behind the decision.
It does not identify individual financial institutions or describe separate requirements for different groups.
The source page is dated November 3, 2026, while its footer displays November 29, 2018, as the last update.
The operative date stated in the decision itself is November 15, 2026.
A defined change, limited explanation
The decision sets a higher foreign exchange reserve requirement with a specified implementation date.
The PBOC links the increase to liquidity management.
The brief notice gives no quantitative estimate of the liquidity affected or further explanation of the timing.