People's Bank of China raises foreign exchange reserve requirement ratio by 2 percentage points to 6%, effective November 15, 2026

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Urgency: L4
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At a glance

On Nov 3, 2026 the People’s Bank of China said it will raise the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points, to 6% from 4%, effective November 15, 2026. The announcement and effective date are reported by multiple outlets. The cited sources do not report market reactions or provide additional central bank stated objectives in the excerpts provided.

PBOC will raise the foreign exchange deposit RRR by 2 percentage points to 6%, effective Nov 15, 2026, announced Nov 3, 2026.

CHRONOS Wire · November 3 · Alert 14

What happened

China's central bank said banks must hold more foreign currency as reserves. The foreign exchange reserve requirement ratio will increase by 2 percentage points to 6%, starting November 15, 2026.

Why it matters

The policy change was announced Nov 3, 2026 and takes effect Nov 15, 2026, creating a known implementation window for banks to comply with the higher reserve requirement.

CHRONOS Bottom Line

On Nov 3, 2026 the PBOC announced a 2 percentage point increase in the foreign exchange deposit reserve ratio, to 6% effective Nov 15, 2026.

Full detail

What changed

The People’s Bank of China raised the foreign exchange reserve requirement ratio for financial institutions by 2 percentage points, to 6% from 4%, effective November 15, 2026.

What is genuinely new

The PBOC announced on Nov 3, 2026 that it will raise the foreign exchange deposit reserve ratio by 2 percentage points to 6%, with the change taking effect on Nov 15, 2026.

Detailed analysis

The sourced reports state the magnitude of the change and the effective date. The available sources do not provide central bank commentary attributing explicit objectives beyond the announcement text, nor do they report market moves or quantify likely market effects.

U.S. Impact

U.S. Impact assessment pending.