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PBOC Sets up Securities, Funds and Insurance Companies Swap Facility; Initial Scale RMB500B
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The People's Bank of China (PBOC) announced the setup of the "Securities, Funds and Insurance Companies Swap Facility (SFISF)", which aims to support eligible securities, funds and insurance companies to swap high-grade liquid assets, such as treasury bonds and central bank bills, from the PBOC with pledges of assets, such as bonds, stock ETFs and constituent stocks of the CSI 300 Index. The initial operating scale is RMB500 billion, which may be further expanded in the future subject to situation. From now on, applications from eligible securities, funds and insurance companies are accepted. AAStocks Financial News |
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