Business
3 former Hong Kong leaders head funeral committee for educator Ng Hon-mun
By Marcus Chen
Beijing launches US$15b asset swap to support China’s markets after sell-off
Katherine Langford
Katherine Langford
Editor-in-Chief · Edina, MN
Katherine oversees editorial operations across all six brands. Before joining The Meridan Group, she spent 14 years at the Minneapolis Star Tribune, where she led the metro desk through its digital transformation. She holds a Master's in Journalism from Northwestern's Medill School.
More from Katherine →Editor-in-Chief · Monday, November 2, 2026 at 9:15 AM · 1 min read
China’s central bank announced on Monday it would start a fresh round of a swap facility to channel about US$15 billion into the struggling onshore stock market, after its worst sell-off in almost a decade dealt a heavy blow to investor confidence and threatened to bring new risks to the country’s financial system. The People’s Bank of China will start the one-year swap on Tuesday. The facility allows institutional investors to exchange illiquid assets for liquid ones with the central bank to...
Up next3 former Hong Kong leaders head funeral committee for educator Ng Hon-munBusiness · 1 min read
