By Maya Cantina
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Elsewhere in China, the PBoC has begun rolling out a $70.6 billion fund called the Securities, Funds and Insurance Companies Swap Facility, Caixin reportedwhich will allow financial institutions to pledge PBoC-specific bonds, ETFs and equity securities in exchange for liquid assets like government bonds, which they can use to obtain additional financing for the purchase of shares as part of a form of market stabilization.
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