The People's Bank of China announced that, to support the healthy and stable development of the capital market, it will launch a securities‑fund‑insurance company swap facility on November 3, with a one-year tenor that may be extended as needed. Currently, 31 securities and fund firms have submitted requests, seeking aggregate funding exceeding RMB 100 billion.
The People's Bank of China announced that it will conduct securities, fund, and insurance company swap‑facility operations on November 3, with applications totaling over RMB 100 billion.
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