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Pan Gongsheng: Securities funds and insurance companies swap facilities The funds obtained by the first phase 500 billion can only be used to invest in the stock market

On September 24th, Pan Gongsheng of the People's Bank of China said that for the first time, the People's Bank of China has created structural monetary policy tools to support capital markets. One of them is the swap facility for securities, funds and insurance companies, which supports qualified securities, funds and insurance companies to use their own bonds, stock ETFs and CSI 300 stocks as collateral to exchange highly liquid assets such as government bonds and central bank bills from the ce...

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2024-09-24 10:43:51