The People's Bank of China (PBOC) announced today (Oct. 10) the establishment of the "Securities, Funds, and Insurance Companies Swap Facility" (SFISF).
This program allows eligible securities, funds, and insurance companies to pledge assets such as bonds, stock ETFs, and constituent stocks of the CSI 300 Index as collateral in exchange for high-quality liquid assets like treasury bonds and central bank bills.
The initial operating scale is RMB500 billion, with the possibility of further expansion depending on market conditions.
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Tag:·The People's Bank of China· SFISF· high-quality liquid assets· CSI 300 Index
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