China's decision to reduce bank reserve requirements, the third such move this year, surprised no one. But the timing and nature of the latest cut are clearly linked to the risk of a trade war.
As Beijing finally acts to restrict controversial, opaque, risky wealth management products, CT looks at what the impact will be for corporate treasurers.
While a cut to banks' reserve requirements should lower borrowing costs, a change to wealth management rules will do the opposite. It's all about getting borrowers away from so-called 'shadow banks'.