In China, the People’s Bank of China (PBoC) has introduced a $70.6 billion fund known as the Securities, Funds, and Insurance Companies Swap Facility, as reported by Caixin. This fund will enable financial institutions to offer bonds, ETFs, and specific stocks to the PBoC in exchange for liquid assets such as government bonds. They can then use these assets to secure additional financing for stock purchases, aiming to stabilize the market.
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