Catch the parrots while you can One of my favorite zoo animals has always been the parrots. Noisy, colorful, and intelligent, parrots (or psittacines as they are collectively referred to) are almost always interesting animals to ...
China's central bank said on Wednesday that it will support stability in the stock market and guard against systemic and regional financial risks. The People's Bank of China will provide sufficient liquidity to China Securities Finance Corp, the state-backed margin finance company, via various channels, the central bank said in a statement on its website. The central bank will "closely watch" the movement of the stock market, it said.
BEIJING (Reuters) - China Securities Finance Corp has provided 260 billion yuan ($41.87 billion) in credit lines to 21 brokerages to help them buy stocks via proprietary trading, the country's securities regulator said on Wednesday. The credit lines were issued after the state-backed margin finance company obtained liquidity support from the central bank, the China Securities Regulatory Commission said in a statement on its official weibo micro blog site. (Reporting by Kevin Yao; Editing by Simon Cameron-Moore)
BEIJING (Reuters) - China's state asset administrator told central government owned firms on Wednesday that they should not sell shares in their own listed companies during "unusual market volatility", as Chinese stocks continue to plunge despite a series of emergency support measures from Beijing.