10:46 - 10.10.2024

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October 10, Fineko/abc.az. The central bank of China has announced that it will begin accepting applications from financial institutions to join a newly created liquidity instrument that will help investors buy stocks.

ABC.AZ reports that CNBC writes about this.

Eligible security firms, stock companies and insurers can take advantage of the "swap scheme", with an initial cost of 500 billion yuans ($70.7 billion), to gain easier access to financing to buy shares, the People's Bank of China said.