RPT--China stocks up as fresh c.bank policy easing helps ease crackdown fears
(Repeats to Hong Kong stock report code)
* Mainland stock indexes edge up, HK down
* Benchmark money rates, IRS decline
* Yuan softens despite stronger midpoint
By Pete Sweeney
SHANGHAI, April 20 (Reuters) - China stocks rose on Monday after the central bank cut banks' reserve requirements to combat slowing economic growth, helping to ease fears that regulators were set to crack down on riskier trading after a blistering rally to seven-year highs.
Benchmark money rates sank after the move by the People's Bank of China (PBOC) on Sunday, which could result in one trillion yuan ($161.2 billion) worth of fresh cash flowing into the financial system, with some of it expected to find its way into the red-hot stock market.
The PBOC cut the reserve requirement ratio (RRR) for all banks by 100 basis points to 18.5 percent, effective April 20.
It was the deepest single reduction since the depths of the global financial crisis in 2008, and showed how the central bank is stepping up efforts to ward off a sharp slowdown in the world's second-largest economy. Continuación...