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The People's Bank of China has decided to establish the Securities, Funds, and Insurance companies Swap Facility (SFISF) with an initial operation scale of 500 billion yuan.

The People's Bank of China announced the establishment of the Securities, Funds, and Insurance companies Swap Facility (SFISF), supporting eligible securities, funds, and insurance companies to pledge bonds, stock ETFs, csi 300 index component stocks, and other assets to the People's Bank in exchange for treasury bonds, central bank bills, and other high-quality liquid assets. The initial operation scale is 500 billion yuan, with the possibility of further expanding the scale based on the situation. Eligible securities, funds, and insurance companies can apply starting today.