text

China’s new rules on stock pledged repo take effect

Thenewstock-pledgedrepomeasurespublishedbyChina’stwomainbourseswiththeaimofcurbingrecklessborrowingbymajorstockholderstookeffectonMondayafteratwo-monthgraceperi

text

PBOC continues liquidity injection

China's central bank continued to inject liquidity into the banking system on Tuesday, with 12 billion yuan (1.96 billion U.S. dollars) of 7-day reverse repurchase agreement (repo) operations.