The People’s Bank of China (PBOC) has launched a funding scheme that allows non-bank financial institutions, including insurers, to apply for participation. This initiative is part of a broader effort to support the stock market. The central bank’s move aims to enhance market liquidity and encourage investments amidst prevailing economic challenges. Applications for the scheme are being accepted, signaling a significant shift in the central bank’s approach to involve more players in bolstering market activity.