# China's PBOC lifts FX reserve ratio to 6%: what it means for the yuan, AUD

> The People's Bank of China will raise the foreign exchange deposit reserve ratio for financial institutions from 4% to 6%, effective November 15. The move reduces the dollars banks can supply onshore and signals that Beijing wants to slow the yuan's appreciation.

- Date: 2026-11-03 · published 2026-11-03T03:08:22.644Z
- Category: policy · region China · magnitude medium
- Page: https://feedsoft.ai/events/76874-china-s-pboc-lifts-fx-reserve-ratio-to-6-what-it-means-for-the-yuan-aud
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Fewer onshore dollars can firm the dollar against the yuan and related Asian currencies, which raises the cost of US-priced feed imports into China. The direct liquidity effect is modest, so the price impact is limited.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2017-09-24 | [Fans of a more open China should welcome the devalued yuan](https://feedsoft.ai/events/69192-fans-of-a-more-open-china-should-welcome-the-devalued-yuan.md) | +1.0% | +0.7% |
| USDCNY | 2025-05-08 | [China’s yuan slips as PBOC guides currency lower - Markets - Business Recorder](https://feedsoft.ai/events/9620-china-s-yuan-slips-as-pboc-guides-currency-lower-markets-business-recorder.md) | -0.2% | -0.7% |
| USDCNY | 2024-11-26 | [China's yuan slides to four-month low on Trump's tariff promise \| Reuters](https://feedsoft.ai/events/27628-china-s-yuan-slides-to-four-month-low-on-trump-s-tariff-promise-reuters.md) | +0.6% | +0.8% |
| USDCNY | 2026-02-27 | [USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains](https://feedsoft.ai/events/20790-usd-cny-and-usd-cnh-jump-as-pboc-cuts-fx-rrr-to-zero-cooling-yuan-gains.md) | +0.7% | +1.0% |
| USDCNY | 2020-10-28 | [Yuan eases after China tweaks fixing formula to rein in strength \| Financial Post](https://feedsoft.ai/events/50848-yuan-eases-after-china-tweaks-fixing-formula-to-rein-in-strength-financial-post.md) | -0.4% | -1.9% |

## Sources

- investinglive.com: https://investinglive.com/central-banks/china-s-pboc-lifts-fx-reserve-ratio-to-6-what-it-means-for-the-yuan-aud/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.