Asian shares are higher after China's central bank released plans for supporting stock markets through share repurchases.

China’s 200 million-strong army of retail investors was supposed to help the market turn a corner. Instead, it has become a source of weakness.

China's central bank kicked off two funding schemes on Friday that will initially pump 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People's Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September,

China’s central bank unveiled two new funding schemes on Friday, aiming to inject as much as 800 billion yuan ($112.38 billion) into its stock market. These initiatives, introduced by the People’s Bank of China (PBOC),

China's central bank kicked off two funding schemes on Friday, that will initially pump as much as 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools.