(Bloomberg) -- China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus...
-- China’s central bank has set up a swap facility to provide liquidity to institutional investors to buy stocks, part of a broad stimulus package announced earlier that ignited a rally in equities.From Cleveland to Chicago, NFL Teams Dream of Domed Stadiums
The funds obtained through the facility can only go toward investment in the stock market, Pan said at the time. Bonds, stock ETFs, CSI 300 constituent shares and other assets could be used as collateral, the PBOC said Thursday. Insurers are likely to be the first to apply for the liquidity tool, partly because their equity holdings match the collateral requirements made by the PBOC, according to Wu Xuan, fund manager at Borui Funds Management. Regulators see insurance funds as a key source of long-term investment into the market, he said.“They are shouldering more of a ‘political task,’” said Wu. “I would expect more details over the coming weeks and the first batch using the tool within two-three months.
£302+ Million UK Pregnancy Testing Kits Market Forecast, 2029: Heightened Awareness, Convenience, and Technological Innovations Driving Industry Growth, Dominated by the South-East ICPO Foundation partners with the International Atomic Energy Agency Najat Mohktar, IAEA Deputy Director General and Head of the Department of Nuclear Sciences and Applications and Odile Jaume, CEO ICPO Foundation The parties cooperate in the area of therapeutic clinical applications of nuclear medicine in oncology worldwide. October 10, 2024 – Wiesbaden, Germany.
PBOC Stock Market Institutional Investors Stimulus Package Government Bonds Pan Gongsheng Central Bank Collateral Requirements
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