(Reuters) – Ever since Chinese Premier Li Keqiang used the cryptic phrase “revitalize the stock” in an official policy statement in June, market watchers have pondered what policies it entails.
A central bank official has told Reuters that according to his personal understanding, the phrase refers to packaging loans into securities and sales of minority stakes in state firms.
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Shengnan Zhang and Gabriel Wildau, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/drBvnuv8ZEs/
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