China central bank to inject 100 billion yuan into stock market via swap facility
China's central bank will conduct swap facility operations on November 3 for 31 financial firms, allotting 100 billion yuan to boost stock purchases, according to a Monday statement.
China's central bank said on Monday it will conduct swap facility operations for securities, fund and insurance firms on November 3.
A total of 31 firms applied, with an allotment amount of 100 billion yuan (HK$ 118.08 billion), the central bank added. The tool allows institutions to obtain liquidity to buy stocks.