China Unveils ¥500B Fund to Boost Stock Market
China’s central bank launched a ¥500 billion ($70.6 billion) funding scheme to support the stock market, allowing financial institutions to use assets as collateral for liquidity. Today, the People’s Bank of China (PBOC) announced establishing a ¥500 billion ($70.6 billion) funding initiative to assist the Chinese capital market. Using their existing stock holdings as collateral […]