PBOC Governor directs stock buybacks

Chinese state media with comments from Pan Gongsheng, People's Bank of China governorPBOCprovides specific directions for stock buybacks and reloans toincrease holdings, and it is the bottom line that credit funds cannotenter stock market in violation of regulationsCentralbank's provision of stock buyback and additional purchase re-loanshas specific directional aims, and a fundamental bottom line is thatloan funds must not unlawfully enter the stock market The two tools to support the stable development of the capitalmarket are entirely based on market-oriented principles, and swapfacility is not direct financial support from central bank This article was written by Eamonn Sheridan at www.forexlive.com.