China's central bank says opens up $70.6 billion in liquidity for firms
Thursday, October 10, 2024       07:59 WIB

Beijing, Oct 10, 2024 (AFP)
China's central bank on Thursday launched a "swap facility" offering firms access to 500 billion yuan ($70.6 billion) in liquidity, as Beijing seeks to boost its flagging economy.
The programme would allow "qualified... companies to exchange bonds, stock ETFs, CSI 300 constituent stocks and other assets with the People's Bank of China for high-grade liquid assets such as treasury bonds and central bank bills," the central bank said.

Sumber : AFP