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PBOC Expands Reserve-Ratio Cuts to Aid Smaller Companies

China’s central bank extended a reserve-requirement cut to some national lenders including China Merchants Bank Co. and Industrial Bank Co. as officials try to support growth without unleashing broader stimulus.

The People’s Bank of China approved a half percentage-point cut for Industrial Bank and China Minsheng Banking Corp. also got a reduction, spokesmen said in separate telephone interviews today. Merchants Bank confirmed a half-point cut in a stock-exchange statement.