Economy / Markets
China's regulators convene banks to widen stock support tools
The People's Bank of China, the securities regulator and the banking regulator were due to meet major banks on Monday to study improvements to a relending facility that finances share buybacks and stake purchases, according to mainland media reports. The Shanghai Composite closed at 3,599.00 on Friday, down 6.3% in October and below 3,600 for the first time this year, while the Shenzhen Component fell 15.9% over the month.