Nov 4 — The PBOC said its re-lending facility for stock buybacks and share increases will now cover 21 national banks and five systemically important city commercial banks, adding Ningbo Bank, Bank of Jiangsu, Bank of Shanghai, Bank of Nanjing and Bank of Beijing. Multiple city-bank sources confirmed the additions. A city-bank executive said the change is a significant breakthrough that lets regional banks use client networks and local service capacity to broaden financing channels for listed co

Nov 4 — The PBOC said its re-lending facility for stock buybacks and share increases will now cover 21 national banks and five systemically important city commercial banks, adding Ningbo Bank, Bank of Jiangsu, Bank of Shanghai, Bank of Nanjing and Bank of Beijing. Multiple city-bank sources confirmed the additions. A city-bank executive said the change is a significant breakthrough that lets regional banks use client networks and local service capacity to broaden financing channels for listed companies and major shareholders.