China Moves Stock Repurchase and Shareholding Loan Program to Long-Term Arrangement
Photo: TokenPost
China’s central bank and two financial regulators moved a stock repurchase and shareholding-increase loan program to a long-term arrangement and cut its relending rate to 1%, extending a capital-market support tool. The National Financial Regulatory Administration (NFRA), the People’s Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) announced the move Monday, Nov. 2. The rate fell from 1.25%, and the program began in October 2024. Agreements signed under the program totaled about 440 billion yuan, while total disbursements topped 280 billion yuan. The credit supports stock repurchases and increases in shareholdings.
Source: TokenPost
