1. China's central bank on Saturday announced it would expand a pilot program on credit-asset pledged lending to nine municipalities and provinces. Before this, the pilot was being promoted in Shandong and Guangdong, said a statement on the website of the People's Bank of China. The nine municipalities and provinces are Shanghai, Tianjin, Liaoning, Jiangsu, Hubei, Sichuan, Shaanxi, Beijing and Chongqing.
2. About 10.13 billion shares in 24 companies will become tradable on the Shanghai and Shenzhen bourses within this week (Oct. 12-16). SPD Bank will see non-tradable shares worth around 59.32 billion yuan become tradable in Shanghai on Oct. 14, the largest amount to hit the market this week.
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