MNI BRIEF: PBOC Vows Full Support To Huijin For Equity Markets

People’s Bank of China will provide Central Huijin relending to ensure the stability of stock markets, according to a statement on the Bank’s website on Tuesday. 

The Bank will firmly supports Central Huijin to increase holdings of stock market index funds, and Huijin will get “sufficient relending support as needed," the Bank said. 

MNI reported citing policy advisors that the PBOC would strengthen support for stock markets as the country’s top policy meeting officially included its performance in the Bank’s mandate. (See MNI:PBOC To Buoy Assets, As Stocks, Property Added To Mandate)