China's central bank launches $15 billion swap facility to support stock market
This step has been taken to restore the diminished confidence of investors and avoid financial risks.
By Capital Kranti desk, Gandhinagar · Editor: Parth Thakkar
2 November 2026, 6:27 pm · 1 min read
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According to a report by the South China Morning Post, China's central bank on Monday initiated a new round of a unique swap facility to strengthen the weak stock market. Due to the biggest crash in the market in nearly a decade, investors' confidence was shaken and serious risks arose before the country's financial system.
This one-year swap facility has been implemented by the People's Bank of China. Under this arrangement, institutional investors will be able to exchange their illiquid assets for liquid assets with the central bank so that they can purchase shares.
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