China Financials_ PBOC launches swap facility to support equity market
informs·2024-10-22 13:19
M Update China Financials | Asia Pacific October 18, 2024 07:36 AM GMT PBOC launches swap facility to support equity market The initial feedback of the Rmb500bn facility looks better than expected - Rmb200bn applied by 20 brokers and fund management firms. While it supports sentiment, we expect brokers to be generally prudent in deploying the funds in the stock market. PBOC on 18 Oct officially launched the Rmb500bn swap facility with nonbank institutions. Some details: • tenor will be 1 year and can be ext ...