On September 24, the People's Bank of China (PBOC) announced monetary policy easing, including lowering rates on a number of instruments and reducing reserve requirements.
The latest move freed up about 1 trillion yuan (~$142 billion) for credit institutions. The Chinese authorities will use half that amount to support stocks.
"The PBOC has signaled its readiness for more easing. [âŠ] All major monetary regulators, with the exception of the Bank of Japan, are ready to add liquidity,"
