This is an update on the People’s Bank of China’s new relending facility aimed at supporting stock buybacks and increasing shareholdings for listed companies.
PBOC boosts stock market support with new relending facility
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.