China Moves to Support Stocks With Buyback and Liquidity Measures
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A CSRC official said Nov. 2 that the regulator is reviewing rules on price-support buybacks, refining incentives for long-term investment and expanding investment products. Photo: VCG
China announced a package of measures Monday to support its declining stock market, easing share-buyback rules, preparing a third round of a central bank swap facility and making a lending program for buybacks and stake increases permanent.
The coordinated measures aim to bolster liquidity and investor confidence as continued market declines weigh on efforts to sustain the broader economic recovery.
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