$SSE Composite Index (000001.SH)$The People's Bank of China ...

$SSE Composite Index (000001.SH)$The People's Bank of China announced on October 10th that it has established the Securities, Funds, and Insurance companies Swap Facility (SFISF) with an initial operation size of 500 billion yuan. This facility supports eligible securities, funds, and insurance companies to use assets such as bonds, stock ETFs, and components of the csi 300 index as collateral, in exchange for high-grade liquid assets such as national bonds and central bank bills from the People's Bank. The initial operation size is 500 billion yuan, with the possibility of further expansion based on the situation. Starting today, eligible securities, funds, and insurance companies can apply for this facility.