China’s Central Bank Will Conduct Swap Operation as Applications Exceed 100 Billion Yuan
Photo: TokenPost
The People’s Bank of China (PBOC) will conduct a swap operation for securities, fund and insurance companies on Tuesday, Nov. 3. The operation is intended to support stable development in China’s capital markets. Applications from 31 securities and fund companies exceed 100 billion yuan. The operation will have a one-year term and may be extended depending on circumstances. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
