Central Banks
PBOC Vows Funding Support to Sovereign Fund to Stabilize Market
The People's Bank of China (PBOC) building in Beijing.
Source: /BloombergThis article is for subscribers only.
China’s central bank said it will provide support to a sovereign fund when needed as it firmly supports its decision to buy more stocks.
The People’s Bank of China will step up funding aid via a re-lending program to Central Huijin Investment Ltd. when it’s necessary, in order to safeguard the stability of capital markets, it said in a statement Tuesday.