China to Inject 500B Yuan Liquidity, Allow PBOC Funding to Boost Stock Market

Sep 24, 2024, 04:21 AM

China is set to implement significant measures to stimulate its stock market. The government plans to provide at least 500 billion yuan in liquidity support to bolster stock prices. Additionally, China will allow securities firms, funds, and insurers to access funding from the People's Bank of China (PBOC) to purchase stocks. These moves are part of a broader strategy to stabilize the market and enhance investor confidence, including the potential establishment of a stock stabilization fund.