PBOC Explores Contingent Liquidity Backstop for Nonbanks
00:00/00:00
Listen to this article
1x
Subscribe now
Listen to the full version
Listen to the full version
The People’s Bank of China in Beijing.
China’s central bank is exploring a contingent liquidity tool to support nonbank financial institutions during severe market stress and avert systemic risks.
The facility will inject funds “when bond and other markets come under systemic stress, access to liquidity is disrupted, and institutions are collectively caught in a liquidity crunch that may trigger a systemic risk,” People’s Bank of China (PBOC) Governor Pan Gongsheng said last week at the Lujiazui Forum.
You've accessed an article available only to subscribers
VIEW OPTIONS
Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.
Save an extra $50. Introductory offer for new readers. Subscribe now.
- RELATED
Share this article
Open WeChat and scan the QR code
Sign in with Google
Sign in with Facebook
Sign in with 财新