Loading...
Loading...
Browse all stories on DeepNewz
VisitPBOC Launches First 500 Billion Yuan Swap Facility to Support Stock Market
Oct 10, 2024, 12:34 AM
China's central bank, the People's Bank of China (PBOC), announced on Thursday that it has established, for the first time, a Securities, Funds, and Insurance Companies Swap Facility (SFISF) with an initial scale of 500 billion yuan (US$71 billion). The SFISF is intended to support the healthy and stable development of the capital market by providing liquidity to equity-holding financial institutions. Eligible securities, fund, and insurance companies can use asset pledges, including bonds, stock exchange-traded funds (ETFs), and CSI300 stocks, to obtain liquidity from the facility.
View original story
Markets
Yes • 50%
No • 50%
Official CSI300 index performance reports
No • 50%
Yes • 50%
Reports from major Chinese insurance companies and PBOC
No • 50%
Yes • 50%
Official announcements from the People's Bank of China
Other • 25%
Securities Company • 25%
Fund Company • 25%
Insurance Company • 25%
PBOC announcements and financial institution reports
Increase by more than 10% • 25%
No increase or decrease • 25%
Increase by less than 5% • 25%
Increase by 5-10% • 25%
Shanghai Composite Index performance reports
Industrial • 25%
Consumer Goods • 25%
Technology • 25%
Finance • 25%
Sector performance reports from major Chinese stock exchanges