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Super Hi International Holding Ltd., the international operator of China's popular hot pot chain Haidilao, is planning to boost its international footprint following a listing in the U.S. that's been well-received.

Haidilao operator Super Hi International plans to use 70 per cent of the listing proceeds to strengthen brand and expand network globally. The US debut adds momentum for Chinese firms weighing a listing abroad.

A 0.5 percentage-point cut to the ratio, the amount of cash that banks have to keep in reserve, will provide 1 trillion yuan ($139 billion) in long-term liquidity to the market, Pan said during a briefing with the press Wednesday.

(Bloomberg) -- China will cut the reserve requirement ratio for banks in early February to unleash more money and help the economy, according to People’s Bank of China Governor Pan Gongsheng.Most Read from BloombergApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028China Weighs Stock Market Rescue Package Backed by $278 BillionTurkey Approves Sweden NATO Bid, Leaving Hungary as HoldoutAckman Buys Into Israel Bourse in First Major Deal Since WarThe 0.5 percentage-point cut to t