China Securities Finance Corporation Limited (CSF) granted 260 billion yuan of credit lines to 21 domestic securities brokers through stock pledging on Wednesday, said Deng Ge, spokesperson of the China Securities Regulatory Commission (CSRC) at noon. Deng said that the brokers should use the money to continue to add their positions in A shares. With ample liquidity support from the People's Bank of China (PBOC), the central bank, the CSF will continue to provide sufficient fund to stockbrokers via various channels, Deng added.
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