Insurance stocks are strong, both Ping An Insurance's A and H stocks are up more than 5%, the central bank announced that it will accept convenient applications for swaps starting today.

Gelonghui Finance · Oct 10 11:08

Today, insurance stocks listed in both China and Hong Kong rose overall, with Ping An Insurance's A-shares rising nearly 6% to 58.97 yuan, and its H-shares rising over 7% to 51.75 Hong Kong dollars.

The People's Bank of China announced this morning that it has decided to establish the Securities, Funds, and Insurance Companies Swap Facility (SFISF) to support eligible securities, funds, and insurance companies in pledging assets such as bonds, stock ETFs, and csi 300 index component stocks to exchange for high-grade liquid assets such as national bonds and central bank bills. The initial operation scale is 500 billion yuan, which may be further expanded as needed. Starting today, eligible securities, funds, and insurance companies can apply for the facility.

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保险股走强，中国平安AH股均涨超5%，央行宣布即日起接受互换便利申报

Insurance stocks are strong, both Ping An Insurance's A and H stocks are up more than 5%, the central bank announced that it will accept convenient applications for swaps starting today.

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