Beijing refreshes asset swap to support China’s stock market after sell-off
South China Morning Post
The brief
China’s central bank announced on Monday it would start a fresh round of a swap facility to support the struggling A-share market, after its worst sell-off in almost a decade dealt a heavy blow to investor confidence and threatened to bring new risks to the country’s financial system. The People’s Bank of China (PBOC) would have a one-year swap that allows institutional investors to exchange illiquid assets for liqui…
Reported by
South China Morning Post
This is a short headline brief. The complete report belongs to its publisher.
