China's central bank launches a re-lending facility with 300 billion yuan for listed companies' share buybacks and increased shareholdings.

China's central bank has launched a special re-lending facility to support share buybacks and increased shareholdings by listed companies. Over 20 firms have secured loans under this initiative, which offers 300 billion yuan (approximately $42 billion) at a 1.75% interest rate. The program aims to lower financing costs and enhance the stability of China's capital market, ultimately fostering greater market confidence.

October 20, 2024
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