People's Bank of China: Securities, Funds and Insurance Companies Swap Facility (SFISF) accepts declarations.
The People's Bank of China announced on October 10 that in order to implement the requirements of the Third Plenary Session of the 20th CPC Central Committee on "establishing a long-term mechanism to enhance the internal stability of the capital market" and promote the healthy and stable development of the capital market, the People's Bank of China decided to create a "Securities, Funds and Insurance Companies Swap Facility (SFISF)" to support eligible securities and fundsInsurance companies use bonds, stock ETFs, CSI 300 constituent stocks and other assets as collateral, and exchange high-grade liquid assets such as treasury bonds and central bank bills from the People's Bank of China. The scale of the first phase of operation is 500 billion yuan, and the scale of operation can be further expanded according to the situation. From now on, qualified securities, funds and insurance companies will be accepted to declare.
Source: Xinhua News Agency, People's Bank of China website
End
Editor-in-charge | Li Huiying