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China to conduct new round of swap facility operations to aid stock market

BY Reuters | ECONOMIC | 12/31/24 12:11 AM EST

BEIJING, Dec 31 (Reuters) - China's central bank said on Tuesday it will conduct a second round of operations under a newly created funding scheme for financial institutions to aid the country's stock market.

Eligible securities firms, fund companies and insurers can apply to join the new round of the swap scheme, which will last for a year.

China's securities regulator said in a separate statement it's also expanding the scope of institutions that can participate in the swap scheme, giving them easier access to funding.

(Reporting by Beijing and Shanghai Newsrooms; Editing by Tom Hogue)

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