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Add as a preferred source on GoogleUBS Trader Says China’s Stock Support Facilities May Aid Liquidity
Lucy Zhang called fuller use of the facilities marginally positive for sentiment, while saying it relies on existing policy tools rather than fresh stimulus.
UBS sales trader Lucy Zhang said wider use of China’s existing stock-support facilities may help market sentiment and liquidity, while depending on tools already in place instead of new stimulus.
Zhang described the impact as “marginally positive for sentiment and liquidity.” China has separately discussed lowering the stock-buyback relending rate from 1.25% to 1%, a topic in earlier stock-market support talks.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.