China launches $70B swap facility - Breaking The News
Download our appPlay StoreApp Store
Download our appPlay StoreApp Store

China launches $70B swap facility

Economy
Christian Baha / DJ

1 min read

EPA-EFE/WU HONG

The People's Bank of China (PBoC) announced on Thursday a 500 billion yuan ($70.6 billion) swap facility to "promote the healthy and stable development of the capital market." The facility will support qualified securities, funds and insurance companies to exchange assets such as bonds, stock ETFs and CSI 300 index constituent stocks for assets including treasury bonds and central bank bills.

The PBoC said it could expand the size of the operation if needed. The applications for the facility were open immediately.

pboc
Related News
China introduces sci-tech innovation bonds
China's "sci-tech board" had its debut on Friday in bond markets, with eight companies issuing the financial instruments in the interbank bond market at the Beijing Financial Assets Exchange."These bonds encompass corporate bonds, enterprise bonds, and debt financing instruments issued by non-financial enterprises. Issuers are encouraged to adopt flexible bond terms and to issue longer-maturity bonds, thereby better matching the characteristics and...
China to cut bank reserve requirement ratio by 50 bps
The People's Bank of China (PBoC) announced on Wednesday it would cut the amount of cash that commercial banks have to have on hand, known as the reserve requirement ratio (RRR), by 50 basis points from May 15. PBoC Governor Pan Gongsheng said the cut would result in long-term liquidity of about 1 trillion yuan ($138.56 billion) flowing into the financial market. The PBoC also announced it would trim the seven-day reverse repurchase rate to 1.4% from...
China's central bank leaves key rates unchanged
The People's Bank of China (PBoC) left the benchmark interest rates unchanged on Monday, in accordance with market expectations.The 1-year Loan Prime Rate (LPR) was kept at 3.1% while the 5-year LPR remained at 3.6%.PBoC's last policy adjustment came in October last year, when it lowered both rates by 25 basis points.
China's state firms to boost share buying in stabilization push
A number of China's state-owned investment holding companies pledged on Tuesday to increase share holdings, in a push to stabilize the stock market amid escalating trade tensions between Beijing and Washington.China Reform Holdings Corp. said it would increase holdings of shares in state-owned firms, tech companies and exchange-traded funds (ETFs) with an investment of 80 billion yuan ($10.95 billion). China Chengtong Holdings Group announced that it...
About
Contact Us

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.