China's Central Bank promises more liquidity aids to CSF

China’s Central Bank promises more liquidity aids to CSF

Beijing –  China’s Central Bank on Thursday in Beijing promised to continue to support liquidity need of China Securities Finance Corporation Limited (CSF) to stabilise a tumbling stock market.

China Securities Finance Corporation Limited was the Country’s national margin trading service provider.

The People’s Bank of China (PBOC) said it has made sufficient re-lending to the CSF and approved the latter to issue short-term financial bonds in the interbank market to replenish liquidity.

The CSF was the only institution to provide margin financing loans to securities companies.

It said it has offered 42 billion U.S. dollars of stock-secured credit for 21 brokerage firms to conduct self-run share purchasing on the market.

Related Story:  One-year since Trump’s win, U.S funds enjoy strong growth

The PBOC said it was trying to guide more capital into the market to rein in a continued plunge and restore investors’ confidence.

It said this was because the Chinese shares have been in a downward spiral since hitting a peak in June. (Xinhua/NAN)

MTN News Alert
DMON
To receive our mobile newspaper on MTN delivered on your phone, text SAWD to 4900 at N50 per week or SAMD to 4900 at N150 per month.
For information on press releases, photos, promotional events and adverts, call or send text to 08173460599 or 08094208271or send email to: info@sundiatapost.com

Leave a Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate