China · Country watch
PBOC's $15B Asset Swap, Chinese Stocks Rebound
PBOC launches a $15B asset swap to stabilize markets, boosting Chinese stocks after a prolonged sell-off.
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The PBOC's $15 billion asset swap aims to stabilize China's stock markets, leading to a rebound after a prolonged sell-off. This intervention signals improving conditions for investors in the financial sector this week.
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In this briefing People's Bank of China · China's stock market · Chinese tech firms · CSI 300 Index
Regulation
PBOC launches $15B asset swap to stabilize markets
The People's Bank of China announced a new asset swap facility worth $15 billion to support the onshore stock market, following its worst monthly sell-off in a decade. The central bank will commence the one-year swap on Tuesday, aiming to bolster investor confidence and mitigate risks to the financial system. The facility is expected to channel liquidity into the struggling market, according to ChinaMorningPost.
Impact Investors in China's financial sector see improved liquidity and potential stabilization of stock markets.
Watch The facility starts on Tuesday. · 3 November 2026
Sources: ChinaMorningPost ↗
Disruption
Tech firms face collapse as secrets, staff taken
Several high-tech firms in China are experiencing severe disruptions as core business secrets and key personnel have been 'packaged' and taken away, leading to nearly 2 billion yuan in lost business. Former employees are reportedly leveraging these secrets to compete directly, according to ChinaNews.com.
Impact Tech and manufacturing sectors face increased competitive pressure and potential loss of intellectual property.
Sources: ChinaNews.com ↗
Markets
Chinese stocks rebound as PBOC plans relending facility
Chinese stocks rebounded on Monday amid speculation that the People's Bank of China would expand its relending facility by $45 billion. The CSI 300 Index rose 1.3%, while the Star Market 50 Index rallied 3%, and Shenzhen’s ChiNext gauge climbed as well. The market gains follow a brutal sell-off in October, as reported by South China Morning Post Business.
Impact Technology and finance sectors experience a boost as stock indices recover, improving market sentiment.
Sources: South China Morning Post Business ↗
Nothing significant reported today in Internal tension · Safety & health · Companies · Trade · Politics.
Also today in the local press
- Supermarket fridges in Europe hit by new cyberattack: ‘everything is destroyed’ — ChinaMorningPost
- 印尼9月贸易顺差33.6亿美元 连续三个月保持顺差 — ChinaNews.com
- Crypto industry confronts stark security challenges after US$6.4b Binance hack — South China Morning Post Business
- 央行将于明日开展证券、基金、保险公司互换便利操作 互换期限1年 — ChinaNews.com
- French school protests resume on smaller scale as holidays end — ChinaMorningPost
- Trump’s approval rating is near a career low ahead of elections, poll finds — ChinaMorningPost
- Netanyahu is pressing Trump to attack Iran after US midterm elections, officials say — ChinaMorningPost
- Chinese e-commerce going global — South China Morning Post Business
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Argentina: IMF Payment Strain; Cyber Monday Launch
- Brazil: New SAC Rules, Volta Redonda Violence
- Canada: Ontario Speeds Mining Approvals, Time Change Ends
- Colombia: Alicorp Expands in Cali, Fiscal Rescue Law Backed
- Germany: Fuel Price Cap Plan, Deutsche Bahn Delays
- Egypt: Egypt Cuts Spending, Banque du Caire IPO
- Spain: Blocus Arrests in Barcelona, Ibex 35 Rises
- France: Student Protests Persist, Mondial Relay Expands Hiring
- United Kingdom: UK Evacuations Over Safety, Skilled Migrants Boost
- Indonesia: Tax Incentives Reviewed, Flood Warnings Issued
- Israel: Cybersecurity Alert, Herzog's Coalition Strategy
- India: Delhi Trade Disruption, Sensex Surge, Helicopter Services Halted
- Iraq: IMF Talks with Iraq, PM's Regional Tour
- Iran: Oil Prices Drop, Iran-Africa Trade Surges
- Italy: Cyberattacks Hit Italian Supermarkets, Schools Close
- Jordan: Gold Prices Rise, Border Security Tightened
- Japan: GMO Data Breach, Japan FX Intervention, Resona's Semiconductor Focus
- Kenya: IMF Urges Tax Reform, Cybersecurity Boost
- South Korea: KOSPI Rebounds, Won Rises, Medical Tourism Boost
- Lebanon: Lebanon Power Cuts, Army Security Operations
- Morocco: Transport Subsidy Extended, Weather Alerts Issued
- Mexico: Matamoros Troop Deployment, Jalisco Water Crisis
- Malaysia: Flooding Disrupts Subang; Foreigners Banned from Bazaars
- Nigeria: SSANU Strike Begins, Eurobond Yields Rise
- Netherlands: Dutch Tax Plan Delayed, Supermarket Cyberattack
- Poland: Tax Changes Proposed, Gas Bill Support Planned
- Portugal: Public Sector Strike Hits Services, Minho Rail Disrupted
- Russia: Russia's Energy Strategy, Ukraine Power Outages
- Syria: Tax Reforms and Bakery Violations Impact Business
- Turkey: Turkey-AB Agriculture Trade Rises, Istanbul Traffic Disruption
- Ukraine: Power Cuts Widen, Kyiv Transport Disrupted
- United States: Data Center Bans, Cyberattacks on Alert Apps
- Vietnam: VN-Index Drops, HCMC Attracts New Investments
- Yemen: Yemen Cabinet Reshuffle; Houthi Attack in Lahij
- South Africa: SAHRC Blames Water Crisis, AGOA Trade Uncertainty