PBOC launches $15B swap facility to support onshore equities after sell-off

The People's Bank of China announced a fresh one-year swap facility worth about US$15 billion to inject liquidity into the onshore stock market, following the worst sell-off in nearly a decade. The facility lets institutional investors swap illiquid assets for liquid ones, aiming to stabilize confidence and mitigate financial-system risks. The move signals direct central-bank intervention amid acute market stress, though its effectiveness in reversing sentiment remains uncertain.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works