China Banks Seek $30B Credit Quota; PBOC Cuts Relending Rate 25bp

Chinese banks are requesting a $30 billion credit quota to fund stock purchases, while the PBOC has cut the relending program rate by 25bp to 1% effective Wednesday. This signals continued policy support for equity markets amid economic uncertainty. The move is likely aimed at stabilizing market sentiment and boosting liquidity, though the impact on broader growth remains to be seen.

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