PBOC Introduces CNY 500 Billion Funding Program to Strengthen Capital Market
The People’s Bank of China launches a 500 billion yuan funding scheme to support capital markets following stock declines, inviting financial institutions to apply and use assets as collateral.Indices in Shanghai and Hong Kong rose in response. PBOC Launches New Funding Scheme The People’s Bank of China (PBOC) has introduced a new funding scheme worth […]