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Edition of Monday, 2 November 2026English edition
The Geopolitician

Country risk, from the local press

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.

The picture Improving How this is judged →

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.

Flare-up watch: Calm (0.2) · How this is judged → · All China briefings →

In this briefing People's Bank of China · China's stock market · Chinese tech firms · CSI 300 Index

Regulation

  • Finance

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

  • Technology
  • Manufacturing

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

  • Finance
  • Technology

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

Sources in this briefing

Sources: each headline links to the original article on the publisher's site.

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The same day elsewhere