According to the People's Bank of China, in order to give better play to the role of securities fund institutions in stabilizing the market, the People's Bank of China, together with the Securities Regulatory Commission, continues to facilitate the implementation of exchanges between securities, funds, and insurance companies.
The Zhitong Finance App learned that on January 2, the People's Bank of China reported that in order to better play the role of securities fund institutions in stabilizing the market, the People's Bank of China and the Securities Regulatory Commission will continue to promote the convenient implementation of exchanges between securities, funds, and insurance companies. According to the needs of participating institutions, the People's Bank of China initiated the second swap facilitation operation and completed the tender on January 2, 2025. The operating amount was 55 billion yuan. Using the rate bidding method, 20 institutions participated in the bidding. The maximum bid rate was 30 bps, the minimum bid rate was 10 bps, and the winning bid rate was 10 bps.
This article was selected from the WeChat account of the “People's Bank of China”. Zhitong Finance Editor: Liu Jiayin.
