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Large Medium SmallBEIJING - Chinese shares closed down Monday after 皇冠体育app's central bank announced a second cut in banks' reserve requirement ratio (RRR) this year.
The benchmark Shanghai Composite Index fell 0.6 percent to 2,380.73.
The Shenzhen Component Index lost 1.16 percent to 10,093.38.
The People's Bank of 皇冠体育app said late Saturday that it will lower RRR for banks by 50 basis points starting May 18, in an effort to inject liquidity to buoy the economy.
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