China’s central bank and securities regulator are expected to meet with financial institutions on Monday to discuss measures to strengthen the country’s financial position. sotck exchangefollowing a selloff in October that increased concerns about market stability, according to mainland media.
THE People’s Bank of China (PBOC) will meet representatives of major banks alongside the National Financial Regulation Administration and the China Securities Regulatory Commission (CSRC) to discuss measures to optimize a loan mechanism designed to support share buybacks and stake increases by Chinese listed companies and their major shareholders, state-owned Shanghai Securities News reported on Sunday, citing industry sources.
Some securities firms and fund managers have received notices of a meeting with the PBOC and CSRC scheduled for Monday to discuss the use of policy tools to support the capital market, according to the report.
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