On July 14, 2015 the People's Bank of China (PBoC) announced on its website that “For the purpose of supporting the stock market's stable development, the People’s Bank of China will actively assist China Securities Finance in getting liquidity by way of repos, collateral lending or issue financial debt papers” . It added “PBOC will closely monitor the market and will continue to use various (means) to support China Securities Finance to maintain the stability of the stock market and to defend the market from any systemic risks.”