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China central bank kicks off 500 billion yuan swap facility to aid stock market - CNA

Retrieved on: 2024-10-10 17:20:50

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China central bank kicks off 500 billion yuan swap facility to aid stock market - CNA. View article details on hiswai:

Summary

The article discusses the People's Bank of China introducing a swap facility to support capital markets by providing liquidity to non-bank financial institutions. It parallels the Federal Reserve's strategy and involves using assets as collateral.

Article found on: www.channelnewsasia.com

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