China’s central bank to conduct swap operations to support stocks
The People’s Bank of China said it will conduct swap operations with financial institutions on Tuesday that could inject more than 100 billion yuan ($15.04 billion) into the stock market. It would be the third use of the liquidity tool.
China's central bank said on Monday it will conduct swap operations with financial institutions on Tuesday that could inject more than 100 billion yuan ($15.04 billion) into the country's struggling stock market.It would be the third time the People's Bank of China uses the liquidity tool, created…