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China's Central Bank Launches Re-lending Facility and Swap Program to Boost Capital Market

Oct 18, 2024, 03:25 AM

China's central bank, the People's Bank of China (PBOC), has officially launched a specialized re-lending facility and a swap program aimed at bolstering the capital market. The re-lending facility is designed to guide banks to provide loans to qualified listed companies and their major shareholders for stock buybacks and increasing shareholdings. This initiative is part of a broader stimulus package previously announced by the PBOC. The measures, including equity swap programs, are intended to support the stable operation of the capital market and boost investor confidence.