China central bank opens $71-B 'swap facility'

By Agence France-Presse

Oct 11, 2024 12:05 am

BEIJING ― China's central bank boosted support for markets on Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kick-start the country's flagging economy.

Authorities last month unveiled several stimulus policies from interest rate cuts to relaxing home-buying rules after struggling since the end of Covid restrictions to reignite growth and get business activity back on track.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

China's Nov indus-trial profits down by 7.3%

HK home prices edge up 0.07% in No-vember

US shoppers boost holiday spending 3.8%

Inflation in Japan's capital accelerates

New US unemployment benefit claims tumble

Oil prices edge higher in thin holiday trading

Japan's budget to hit record $735 billion