China c.bank conducts first operations under swap facility to bolster stock market
China central bank said it conducted its first swap operation involving securities, fund, and insurance companies for the amount of 50 billion yuan ($7.03 billion) on Monday.
China's central bank conducts first SFISF operation
BEIJING - The People's Bank of China (PBOC) has conducted the first operation of the Securities, Funds and Insurance companies Swap Facility (SFISF), aiming to leverage the role of financial institutions better in stabilizing China's capital market, according to the central bank on Monday.
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China’s central bank moves to jolt stock market with 50-billion-yuan swap operation
Swap facility lets brokers, asset managers and insurance companies exchange assets with poorer liquidity, enabling them to get liquid assets for stock purchases.
China's central bank conducts first Swap Facility transaction
The People's Bank of China, the country's central bank, has launched the first operation of a new swap facility aimed at boosting stock market liquidity, with the first stock buying transaction financed through the facility on Tuesday.
China central bank conducts first operations under swap facility to bolster stock market
China's central bank conducted its first operations on Monday under a swap facility designed to bolster the stock market, exchanging assets worth 50 billion yuan ($7 billion) with brokerages, fund companies and insurers.
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