More on “China’s Central Bank Launches Swap Facility to Boost Stock Market”

Headline on this is here from earlier:

• PBOC to establish securities, funds to aid capital market stability

The Wall Street Journal have a recap on this now. The Journal is gated but here is the link if you can access it.

• that eligible brokers and insurers can now pledge assets such as bonds, stock ETFs, and shares of companies listed on the CSI 300 index to obtain liquid assets like Treasury bonds from the central bank.
• It added that it is now accepting applications and may expand the facility’s size in the future.

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