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HomeBlogAplenty Icon PublicationPBOC has officially ramped up support for the stock market, relending facility launched

PBOC has officially ramped up support for the stock market, relending facility launched

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Oct 18, 2024
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I posted the news earlier, but the long story short is this is the People’s Bank of China officially launching its relending facility to help listed firms stock repurchases and increasing shareholdings:

PBOC Governor provides directions for stock buybacks

This article was written by Eamonn Sheridan at www.forexlive.com.

PBOC Governor says 7-day reverse repo rate will be lowered by 0.2%

Oct 18, 2024
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People’s Bank of China governor Pan Gongsheng Expected that depending on the market liquidity situation by the end of the year, the reserve requirement ratio could be further reduced to achieve dynamic balance, macroeconomic policy should shift from investment-focused to balancing both investment and consumption monetary policy framework will be further improved, with a focus...

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China National Bureau of Statistics (NBS) official says economic indicators positve change

Oct 18, 2024
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China’s National Bureau of Statistics (NBS) deputy chief comments: September economic indicators showed positive changesChina’s foreign trade situation this year better than expectedFoundation for economic recovery not solid yetWill speed up implementation of a basket of policy measures The data from China today began with that showing new home prices fell at the fastest rate...

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