China: The central bank will soon conduct the second operation of the securities corporate swap facilitation program
The People’s Bank of China (the central bank) has confirmed that it will soon conduct the second operation of the Securities, Funds and Insurance Companies Swap Facility Program, which aims to support the healthy development of the country’s capital market.
The Chinese News Agency reported. “Xinhua”, today, Wednesday, quoting a statement from the Central Bank, said that the second operation of the aforementioned program will have a swap period of up to one year, with the possibility of extension under circumstances. Certain.
She added that the central bank launched the Securities, Funds and Insurance Companies Swaps Facility Program in October of 2024. The tool allows eligible securities, funds and insurance companies to use their assets, including bonds, exchange-traded funds and holdings in… Components of the CSI 300 Index, as a guarantee against highly liquid assets such as treasury bonds and central bank bills.
She pointed out that last October, China conducted the first operation of the aforementioned program with a value amounting to 50 billion yuan (about 6.96 billion US dollars), with 20 securities companies and funds participating in the bidding process, the China Securities Regulatory Commission previously said in a separate statement. The commission expanded the number of participants to 40 by adding 20 more eligible institutions and during each In a batch of operations, approximately 20 institutions will be selected, based on their targeted participation size, to join the bidding process.
The committee stressed that these institutions must make full use of their professional investment capabilities. And strengthen compliance and risk control management to promote stable and healthy development of the capital market.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
