{
  "id": 17774743,
  "title": "Beijing launches US$15b asset swap to support China’s markets after sell-off",
  "url": "https://urgent.news/2026/11/02/beijing-launches-us-15b-asset-swap-to-support-chinas-markets-after",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T09:15:28.000Z",
  "source": {
    "name": "SCMP Business",
    "slug": "scmp-business",
    "url": "https://www.scmp.com/business/markets/article/3372993/beijing-refreshes-asset-swap-support-chinas-stock-market-after-sell"
  },
  "original_language": "en",
  "account": "China's central bank has launched a US$15 billion asset swap program to bolster the nation's struggling A-share market, following its most significant sell-off in nearly a decade. The People's Bank of China (PBOC) has introduced a one-year swap facility that enables institutional investors to trade illiquid assets for liquid ones, thereby facilitating stock purchases.\n\nTo date, 31 institutions have applied for the program, with a combined asset size of 100 billion yuan, equivalent to US$15.04 billion. The CSI 300 Index, which gauges the performance of major Chinese firms listed on the Shanghai and Shenzhen stock exchanges, experienced a 0.79% increase on the back of expectations of state intervention.\n\nThe swap program is part of a comprehensive package unveiled by the central bank in 2024 to bolster stocks. To date, the PBOC has executed two rounds of funding under this initiative. Additional measures are anticipated.",
  "summary": "China’s central bank announced on Monday it would start a fresh round of a swap facility to support the struggling A-share market, after its worst sell-off in almost a decade dealt a heavy blow to investor confidence and threatened to bring new risks to the country’s financial system. The People’s Bank of China (PBOC) would have a one-year swap that allows institutional investors to exchange…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "China Stocks Rise on Reports of Market Support Measures",
        "url": "https://urgent.news/2026/11/02/china-stocks-rise-on-reports-of-market-support-measures",
        "published": "2026-11-02T04:45:33.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "China stocks rise on reports of regulatory support, Huafa concerns weigh on bonds",
        "url": "https://urgent.news/2026/11/02/china-stocks-rise-on-reports-of-regulatory-support-huafa-concerns",
        "published": "2026-11-02T06:14:12.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}