CHINA ANNOUNCED 1ST 500 BILLION SWAP FACILITY FOR CAPITAL MARKET

SPOT_ON
09-28

In addition to support for the economy, the government is also focusing on capital markets. This week, a CNY 500bn swap facility was announced, giving brokers, funds, and insurance companies liquidity to buy stocks.


With two more rounds of CNY 500bn mentioned as possible. A CNY 300bn special refinancing facility, with a 2.25% lending rate, will be introduced for share buybacks, and a stock market stabilization fund is also under consideration.



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Comments

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    baba in US market surging to around $111 overnight !!! [Call] [Call] [Call] [Call] [USD] [USD] [USD]
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    City Developments Limited... has a subsidiary CITY DEVELOPMENT CHINA .. which is around 12% of CDL total assets
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    [USD] [USD] [USD] [USD] [USD] [USD]
  • Dr Leonard Lim
    10-05
    Dr Leonard Lim
    Great article, would you like to share it?
  • Handyluo
    10-02
    Handyluo

    Great article, would you like to share it?

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