Report
China's central bank sets November 3 bidding for stock-market swaps after October slump
The bank also plans to widen participation and moderately lower swap fees; swap applications exceed 100 billion yuan.
TLDR
The People's Bank of China scheduled bidding for its stock-market liquidity swap facility on November 3, after the CSI300 fell 8.5% in October. Brokers and fund companies have applied for swaps worth more than 100 billion yuan, but that is not an awarded amount. The bank also plans to increase participation and moderately lower swap fees.
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