Banks borrow from PBoC to support stocks

Banks are ramping up borrowing from the central bank (PBoC) to bolster China’s ailing stock market. ICYDK: The PBoC has two tools for supporting the stock market – a relending facility and a swap facility – which share an RMB 800 billion quota. On November 4, the PBoC said banks have applied to borr...

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.