EconomyBeijing launches US$15 billion asset swap to support China’s markets
China’s central bank said on Monday it would begin a new swap-facility round to support the struggling A-share market after its worst sell-off in nearly a decade battered investor confidence and raised concerns about financial-system risks. The one-year facility lets institutional investors exchange illiquid assets for liquid ones with the central bank to buy stocks.
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South China Morning Post★★★☆☆2026-11-02 09:15Original
Beijing launches US$15 billion asset swap to support China’s markets
Economy