PBOC Says Bond Market Facility Won’t Bail Out Individual Firms
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The People's Bank of China in Beijing. Photo: VCG
China’s central bank said its new liquidity facility for nonbank bond-market institutions is designed to stabilize the market, not rescue individual firms or shield investors from losses.
The Bond Market NBFI Swap Facility would be used only in exceptional circumstances and withdrawn once bond market liquidity recovered, the People’s Bank of China said in its third quarter 2026 monetary policy report.
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