The Zhitong Finance App learned that on Monday, Youjia Insurance (UBXG.US) strengthened rapidly after opening. As of press release, it had surged 10.83% to $0.44. According to the news, the People's Bank of China recently issued an announcement deciding to create a “Securities, Fund, and Insurance Company Exchange Facility” (SFISF for short) to support eligible securities, funds, and insurance companies to use assets such as bonds, stock ETFs, and Shanghai and Shenzhen 300 constituent shares as collateral to switch from the People's Bank of China to high-grade liquid assets such as treasury bonds and central bank notes. The initial operation scale is 500 billion yuan, and the scale of operation can be further expanded depending on circumstances. From now on, declarations from eligible securities, funds, and insurance companies will be accepted.

The Zhitong Finance App learned that on Monday, Youjia Insurance (UBXG.US) strengthened rapidly after opening. As of press release, it had surged 10.83% to $0.44. According to the news, the People's Bank of China recently issued an announcement deciding to create a “Securities, Fund, and Insurance Company Exchange Facility” (SFISF for short) to support eligible securities, funds, and insurance companies to use assets such as bonds, stock ETFs, and Shanghai and Shenzhen 300 constituent shares as collateral to switch from the People's Bank of China to high-grade liquid assets such as treasury bonds and central bank notes. The initial operation scale is 500 billion yuan, and the scale of operation can be further expanded depending on circumstances. From now on, declarations from eligible securities, funds, and insurance companies will be accepted.