A post by @FirstSquawk on X.

The People's Bank of China expanded its re-lending programs to encourage stock buybacks and increased equity holdings, according to a First Squawk report. The move channels central bank funding toward listed companies and major shareholders, building on earlier relending facilities introduced to backstop the country's equity market. It matters because Beijing is again leaning on targeted credit tools rather than broad stimulus to stabilize share prices and shore up investor confidence. Watch for the size of the re-lending quota, uptake by banks and eligible firms, and whether the support lifts Chinese equities and related assets in coming sessions.