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1st LD: Central bank vows rich liquidity for securities companies

Xinhua, July 8, 2015 Adjust font size:

China's central bank vowed to support China Securities Finance Corporation Limited (CSF), the national margin trading service provider, in their efforts to get liquidity and steady the stock market.

The People's Bank of China will actively support CSF to get liquidity through channels such as interbank lending, floating financial bonds and mortgage financing, it said in an online statement.

The central bank will monitor the stock market closely and continue to support the CSF through various channels to steady stock market and ensure that no systematic and regional financial risks will occur, it said.

The CSF is the only institution to provide margin financing loans to qualified securities companies. It works to facilitate the margin transactions of securities companies in market operation methods and improve China's margin transactions system.

It was jointly founded by Shanghai Stock Exchange, Shenzhen Stock Exchange and China Securities Depository and Clearing Corporation Limited in October 2011. Endi