Economic TimesLean R·
China's central bank sets up non-bank financial institution bond market swap facility
China's central bank has introduced the Bond Market NBFI Swap Facility as of Monday. This initiative is designed to stabilize the bond market amid potential systemic stress or liquidity issues. Bank wealth management subsidiaries and public fund managers will gain access to central bank bills, enabling them to finance the purchase of qualifying bonds or units facing redemption, which can be pledged for central bank support.
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