The People's Bank of China will convene a meeting next Monday with the National Financial Regulatory Administration and the CSRC, gathering major banks to study ways to optimize the relending policy for stock buybacks and shareholding increases. Industry insiders disclosed the plans on November 1.
Industry observers speculate that the symposium serves as preparation by financial regulators for further stabilizing the market through enhanced support mechanisms for corporate share repurchases and increased holdings.
PBOC to Convene Symposium on Optimizing Relending Facility for Stock Buybacks and Shareholding Increases
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