Published: 11:36, October 18, 2024
China's central bank launches swap facility to bolster capital market
By Xinhua
This file photo taken on March 13, 2018 shows the headquarters of the People's Bank of China in Beijing, capital of China. (PHOTO / XINHUA)

BEIJING - China's central bank on Friday launched the Securities, Funds and Insurance companies Swap Facility, with the initial application quota exceeding 200 billion yuan (about $28.1 billion), to support the healthy and stable development of the capital market.