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Global Trade Alert

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China: Central Bank announces stimulus package including CNY 300 billion special re-lending facility and CNY 500 billion swap programme

Description

On 24 September 2024, the People's Bank of China (PBOC), China's central bank, announced the establishment of a CNY 500 billion (USD 71.1 billion) swap programme "for securities, funds and insurance c...

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Intervention Details

Intervention Type

State aid, nes

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Sep 2024

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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