Elsewhere in China, the PBoC has begun to roll out a $70.6 billion fund referred to as the Securities, Funds, and Insurance coverage Firms Swap Facility, Caixin reported, which is able to enable monetary establishments to pledge bonds, ETFs, and particular inventory holdings to the PBoC in alternate for liquid belongings like authorities bonds, which they will use to safe extra financing for inventory purchases as a type of market stabilization.
