China rolls out support measures to aid struggling stocks
- BEIJING: Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.
- Authorities also prodded index heavyweights and leading tech firms to try to stabilise their share prices, and are studying plans to ease margin rules to increase market liquidity.
- China's central bank and securities watchdog made their announcements on Monday (Nov 2) after the benchmark CSI300 Index slumped 8.5 per cent in October, its worst month since early 2016.
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- BEIJING: Chinese regulators have rolled out a handful of measures, from conducting swap operations to upgrading a lending facility for stock buybacks by listed companies, as part of efforts to stabilise struggling capital markets.
- Authorities also prodded index heavyweights and leading tech firms to try to stabilise their share prices, and are studying plans to ease margin rules to increase market liquidity.
- China's central bank and securities watchdog made their announcements on Monday (Nov 2) after the benchmark CSI300 Index slumped 8.5 per cent in October, its worst month since early 2016.
Sources: CNA