China A50 Index Futures Rally 5% as PBOC Reinforces Support for Market

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China A50 Index Futures Rally 5% as PBOC Reinforces Support for Market

Bloomberg10-18

CSI 300 Index gains more than 3% after sliding into correctionPBOC gives details on relending, swap facility for stocksChina’s central bank kicked off a specialized re-lending facility to help listed ...

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charliebronx
·10-18
ACMR lfg
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AllwedoisOptionsNwinMoney
·10-18
let's fking go!
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The program has received applications for over <strong>200 billion yuan</strong>, according to a separate statement.</p><p style=\"text-align: start;\">Pan explained the rationale behind the stimulus package at the Financial Street Forum on Friday, saying the property and capital markets are among the economy’s biggest challenges and require targeted policies. Pan said the decisive rollout of stimulus measures reflects policymakers’ determination to stabilize the economy and sentiment, Chinese media reported.</p><p style=\"text-align: start;\">The central bank will step up counter-cyclical monetary policy adjustments, Pan said, a reference to easing measures aimed at bolstering growth, according to local media reports. He reaffirmed that the PBOC will make a rebound in prices a key consideration for policies.</p><p style=\"text-align: start;\">Under the re-lending tool, commercial banks can apply for one-year loans from the central bank at an interest rate of 1.75%, according to the PBOC. That’s cheaper than the 2% rate on one-year policy loans of the medium-term lending facility.</p><p>Banks are responsible for issuing the loans and managing the risks, while the PBOC will provide funds equivalent to the principal of the loans to commercial lenders.</p><p style=\"text-align: start;\">For the swap facility, about 20 institutions including securities firms and funds have been approved to participate. The program allows institutional investors to access highly liquid assets from the PBOC by pledging bonds and certain stocks as collaterals. Initially set at 500 billion yuan, the facility may be expanded based on needs.<br/><a href=\"https://www.bloomberg.com/authors/AUL4WLpLQlE/ocean-hou\" title=\"\n\n\" target=\"_blank\" class=\"contributor-wrapper__0041cfc7\"><br/></a></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China A50 Index Futures Rally 5% as PBOC Reinforces Support for Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina A50 Index Futures Rally 5% as PBOC Reinforces Support for Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 14:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CSI 300 Index gains more than 3% after sliding into correctionPBOC gives details on relending, swap facility for stocksChina’s central bank kicked off a specialized re-lending facility to help listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK1560":"内银股","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","000001.SH":"上证指数","HSI":"恒生指数","BK1231":"综合性银行","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2476270415","content_text":"CSI 300 Index gains more than 3% after sliding into correctionPBOC gives details on relending, swap facility for stocksChina’s central bank kicked off a specialized re-lending facility to help listed companies and major shareholders buy back shares, boosting market optimism over Beijing’s support and sending stocks higher.China A50 index futures up 5.15%; The Shanghai Composite now advancing 3.75%.The previously announced program offers 300 billion yuan ($42.1 billion) in low-cost loans to 21 eligible commercial banks that lend to qualified companies and shareholders, according to a statement from the People’s Bank of China on Friday.The PBOC also announced the start of a swap facility, which allows institutional investors to access liquidity from the central bank to purchase stocks. The program has received applications for over 200 billion yuan, according to a separate statement.Pan explained the rationale behind the stimulus package at the Financial Street Forum on Friday, saying the property and capital markets are among the economy’s biggest challenges and require targeted policies. Pan said the decisive rollout of stimulus measures reflects policymakers’ determination to stabilize the economy and sentiment, Chinese media reported.The central bank will step up counter-cyclical monetary policy adjustments, Pan said, a reference to easing measures aimed at bolstering growth, according to local media reports. He reaffirmed that the PBOC will make a rebound in prices a key consideration for policies.Under the re-lending tool, commercial banks can apply for one-year loans from the central bank at an interest rate of 1.75%, according to the PBOC. That’s cheaper than the 2% rate on one-year policy loans of the medium-term lending facility.Banks are responsible for issuing the loans and managing the risks, while the PBOC will provide funds equivalent to the principal of the loans to commercial lenders.For the swap facility, about 20 institutions including securities firms and funds have been approved to participate. The program allows institutional investors to access highly liquid assets from the PBOC by pledging bonds and certain stocks as collaterals. Initially set at 500 billion yuan, the facility may be expanded based on needs.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361184553631840,"gmtCreate":1729219916934,"gmtModify":1729219920721,"author":{"id":"3581998697787969","authorId":"3581998697787969","name":"AllwedoisOptionsNwinMoney","avatar":"https://community-static.tradeup.com/news/7b4a81496499e9f26603567a0b480f3a","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":9,"crmLevelSwitch":1,"idStr":"3581998697787969","authorIdStr":"3581998697787969"},"htmlText":"let's fking go!","listText":"let's fking go!","text":"let's fking go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/361184553631840","repostId":2476270415,"repostType":2,"repost":{"id":"2476270415","pubTimestamp":1729233156,"share":"https://ttm.financial/m/news/2476270415?lang=&edition=fundamental","pubTime":"2024-10-18 14:32","market":"sh","language":"en","title":"China A50 Index Futures Rally 5% as PBOC Reinforces Support for Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2476270415","media":"Bloomberg","summary":"(Reuters) - China's central bank and financial regulators have held meetings with key financial institutions, urging them to swiftly implement expansive policies to support the economy and the capital","content":"<html><head></head><body><ul style=\"\"><li><p>CSI 300 Index gains more than 3% after sliding into correction</p></li><li><p>PBOC gives details on relending, swap facility for stocks</p></li></ul><p>China’s central bank kicked off a specialized re-lending facility to help listed companies and major shareholders buy back shares, boosting market optimism over Beijing’s support and sending stocks higher.</p><p><a href=\"https://laohu8.com/FUT/CNmain\">China A50 index futures</a> up 5.15%; The <a href=\"https://laohu8.com/S/000001.SH\">Shanghai Composite</a> now advancing 3.75%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/6c9dd6e65fffb38599bee201c164fc70\" tg-width=\"934\" tg-height=\"621\"/></p><p>The previously announced program offers <strong>300 billion yuan</strong> ($42.1 billion) in low-cost loans to <strong>21 eligible commercial banks</strong> that lend to qualified companies and shareholders, according to a statement from the People’s Bank of China on Friday.</p><p style=\"text-align: start;\">The PBOC also announced the start of a swap facility, which allows institutional investors to access liquidity from the central bank to purchase stocks. The program has received applications for over <strong>200 billion yuan</strong>, according to a separate statement.</p><p style=\"text-align: start;\">Pan explained the rationale behind the stimulus package at the Financial Street Forum on Friday, saying the property and capital markets are among the economy’s biggest challenges and require targeted policies. Pan said the decisive rollout of stimulus measures reflects policymakers’ determination to stabilize the economy and sentiment, Chinese media reported.</p><p style=\"text-align: start;\">The central bank will step up counter-cyclical monetary policy adjustments, Pan said, a reference to easing measures aimed at bolstering growth, according to local media reports. He reaffirmed that the PBOC will make a rebound in prices a key consideration for policies.</p><p style=\"text-align: start;\">Under the re-lending tool, commercial banks can apply for one-year loans from the central bank at an interest rate of 1.75%, according to the PBOC. That’s cheaper than the 2% rate on one-year policy loans of the medium-term lending facility.</p><p>Banks are responsible for issuing the loans and managing the risks, while the PBOC will provide funds equivalent to the principal of the loans to commercial lenders.</p><p style=\"text-align: start;\">For the swap facility, about 20 institutions including securities firms and funds have been approved to participate. The program allows institutional investors to access highly liquid assets from the PBOC by pledging bonds and certain stocks as collaterals. Initially set at 500 billion yuan, the facility may be expanded based on needs.<br/><a href=\"https://www.bloomberg.com/authors/AUL4WLpLQlE/ocean-hou\" title=\"\n\n\" target=\"_blank\" class=\"contributor-wrapper__0041cfc7\"><br/></a></p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China A50 Index Futures Rally 5% as PBOC Reinforces Support for Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina A50 Index Futures Rally 5% as PBOC Reinforces Support for Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-18 14:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CSI 300 Index gains more than 3% after sliding into correctionPBOC gives details on relending, swap facility for stocksChina’s central bank kicked off a specialized re-lending facility to help listed ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSTECH":"恒生科技指数","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK1560":"内银股","LU0348805143.USD":"ALLIANZ ENHANCED ALL CHINA EQUITY \"A\" (USD) INC","000001.SH":"上证指数","HSI":"恒生指数","BK1231":"综合性银行","LU0314109678.HKD":"MANULIFE GF DRAGON GROWTH \"AA\" (HKD) INC","LU1813983027.USD":"MANULIFE GF DRAGON GROWTH \"AA\" (USD) INC","LU1328277881.USD":"MANULIFE GF DRAGON GROWTH FUND \"AA\" (USD) INC"},"source_url":"https://www.bloomberg.com/news/articles/2024-10-18/pboc-starts-share-buyback-equity-swap-programs-to-boost-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2476270415","content_text":"CSI 300 Index gains more than 3% after sliding into correctionPBOC gives details on relending, swap facility for stocksChina’s central bank kicked off a specialized re-lending facility to help listed companies and major shareholders buy back shares, boosting market optimism over Beijing’s support and sending stocks higher.China A50 index futures up 5.15%; The Shanghai Composite now advancing 3.75%.The previously announced program offers 300 billion yuan ($42.1 billion) in low-cost loans to 21 eligible commercial banks that lend to qualified companies and shareholders, according to a statement from the People’s Bank of China on Friday.The PBOC also announced the start of a swap facility, which allows institutional investors to access liquidity from the central bank to purchase stocks. The program has received applications for over 200 billion yuan, according to a separate statement.Pan explained the rationale behind the stimulus package at the Financial Street Forum on Friday, saying the property and capital markets are among the economy’s biggest challenges and require targeted policies. Pan said the decisive rollout of stimulus measures reflects policymakers’ determination to stabilize the economy and sentiment, Chinese media reported.The central bank will step up counter-cyclical monetary policy adjustments, Pan said, a reference to easing measures aimed at bolstering growth, according to local media reports. He reaffirmed that the PBOC will make a rebound in prices a key consideration for policies.Under the re-lending tool, commercial banks can apply for one-year loans from the central bank at an interest rate of 1.75%, according to the PBOC. That’s cheaper than the 2% rate on one-year policy loans of the medium-term lending facility.Banks are responsible for issuing the loans and managing the risks, while the PBOC will provide funds equivalent to the principal of the loans to commercial lenders.For the swap facility, about 20 institutions including securities firms and funds have been approved to participate. The program allows institutional investors to access highly liquid assets from the PBOC by pledging bonds and certain stocks as collaterals. Initially set at 500 billion yuan, the facility may be expanded based on needs.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":22,"commentSize":2,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}