PBoC extends liquidity to smaller firms after Baoshang takeover
Chinese securities watchdog also urges big brokerages to provide liquidity support
China’s central bank has raised its lending quotas by a total of 300 billion yuan ($43.3 billion) for small and mid-sized banks amid tight liquidity conditions since regulators took over a struggling local lender in late May.
To help maintain ample liquidity for smaller banks, the People’s Bank of China will increase the rediscount quota by 200 billion yuan and the standing lending facility (SLF) quota by 100 billion yuan, the central bank said on June 14.
The additional SLF quota raises the
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