The People's Bank of China will lower the interest rate under the share buyback refinancing program from 1.25% to 1% and make this mechanism permanent, Bloomberg reports. As part of the expansion of measures to support the stock market, the regulator will also increase the number of financial organizations authorized to operate on exchange lines and reduce the fees for them. According to the Chinese central bank, contracts have already been concluded for the provision of loans for the purchase of securities in the amount of approximately 440 billion yuan.