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China to Boost Use of Stock Support Tools to Stabilize Market

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China to Boost Use of Stock Support Tools to Stabilize Market China will encourage financial institutions to make fuller use of two stock-support tools and optimize their terms, as authorities step up efforts to bolster market stability and confidence. The People’s Bank of China said it will conduct operations under its swap facility for securities firms, funds and insurers when appropriate. It will also increase the number of participating institutions and moderately lower swap fees, the...

China to Boost Use of Stock Support Tools to Stabilize Market China will encourage financial institutions to make fuller use of two stock-support tools and optimize their terms, as authorities step up efforts to bolster market stability and confidence. The People’s Bank of China said it will conduct operations under its swap facility for securities firms, funds and insurers when appropriate. It will also increase the number of participating institutions and moderately lower swap fees, the central bank said in a statement on Monday following a meeting with financial regulators and institutions.
China (LOCATION) Boost Use of Stock Support Tools to Stabilize Market China (ORG) The People’s Bank of China (ORG)
Originally published by Bloomberg Markets Read original →