The central bank will hold a symposium on relending for stock buybacks and increased holdings.

PANews November 1 news, according to Cailianshe, industry insiders revealed that next Monday the central bank will convene a meeting with major banks together with the National Financial Regulatory Administration and the China Securities Regulatory Commission to study optimizing the relending policy for stock buybacks and increased holdings. Industry speculation suggests that this meeting is most likely preparation by financial management departments to further stabilize the market.