Can't hold on anymore.

CN
BITWU.ETH
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6 hours ago

Can't hold it anymore, this time for the sake of stabilizing the market, even the listed companies are preparing to normalize borrowing money to support the market! 😂

The China Securities Regulatory Commission has released a set of measures to stabilize the market, and I'll mention a few interesting points:

1) The interest rate for special re-loans for stock repurchases and increases has been reduced to 1%, and will be implemented long-term, allowing listed companies to obtain lower-cost repurchase funds.

2) The third batch of swap convenience application quotas has exceeded 100 billion yuan, with 31 brokerage firms and funds ready to participate.

3) 18 actively managed ETFs have raised over 35 billion yuan, and subsequently, fund managers are encouraged to accelerate their positions.

4) Research to optimize the margin financing and securities lending rules, moderately release financing space, and increase market liquidity.

Goodness, institutions have liquidity tools, listed companies have low-cost repurchase funds, fund managers have new raised capital, and finally, they are even researching how to allow retail investors to borrow more funds.

Now the whole market is trying to find ways to buy stocks, just afraid that everyone really won't buy. 😂


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