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China Banks’ applications for PBOC stock loan scheme exceed 200 billion yuan

viaeconomictimes.indiatimes.com1h ago
China Banks’ applications for PBOC stock loan scheme exceed 200 billion yuan
China’s central bank said applications for loans under its stock-purchase financing scheme have exceeded 200 billion yuan. The PBOC has also cut the relending rate to 1%, stepping up efforts to support share buybacks and stabilise equity markets.

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