According to the People's Bank of China, to better play the stabilizing role of securities Fund Institutions, the People's Bank of China, along with the China Securities Regulatory Commission, is continuously promoting the implementation of swap convenience for securities, Funds, and Insurance companies.
According to news from the People's Bank of China on January 2, in order to better utilize the role of Securities Fund Institutions in stabilizing the market, the People's Bank of China, in conjunction with the China Securities Regulatory Commission, is continuously promoting the implementation of swap facilities for securities, fund, and insurance companies. Based on the demand from participating Institutions, the People's Bank of China has initiated the second swap facility operation, completing the bidding on January 2, 2025. The operation amount is 55 billion yuan, using a rate bidding method, with 20 Institutions participating in the bidding, the highest bidding rate being 30 basis points, the lowest bidding rate being 10 basis points, and the winning bidding rate being 10 basis points.
This article is selected from the "People's Bank of China" WeChat public account, edited by Liu Jiayin from Zhitong Finance.
