The People's Bank of China officially announced on the 18th that it has issued a notice in conjunction with the Securities Regulatory Commission to facilitate the exchange of securities, funds, and insurance companies from now on. Some industry experts told reporters that convenient swaps can greatly enhance the financing capacity of non-bank institutions and continue to bring incremental capital to the stock market. Specifically, participating institutions exchange less liquid bonds and stocks for treasury bonds and central bank notes through exchange facilities. The latter, as high-grade liquid assets, can significantly increase the availability of repurchase financing, and the funds obtained will be used to invest and market in stocks and stock ETFs. Some major state-owned banks have indicated that they are willing to facilitate relevant repurchase financing under interchange facilitation and relax credit line requirements for participating institutions for repurchase financing. According to the aforementioned expert analysis, the 200 billion yuan quota applied for by the institution is essentially a credit from the central bank. It is a potential incremental capital. The institution does not use it up all at once; it will continue to bring incremental capital to the capital market.

The People's Bank of China officially announced on the 18th that it has issued a notice in conjunction with the Securities Regulatory Commission to facilitate the exchange of securities, funds, and insurance companies from now on. Some industry experts told reporters that convenient swaps can greatly enhance the financing capacity of non-bank institutions and continue to bring incremental capital to the stock market. Specifically, participating institutions exchange less liquid bonds and stocks for treasury bonds and central bank notes through exchange facilities. The latter, as high-grade liquid assets, can significantly increase the availability of repurchase financing, and the funds obtained will be used to invest and market in stocks and stock ETFs. Some major state-owned banks have indicated that they are willing to facilitate relevant repurchase financing under interchange facilitation and relax credit line requirements for participating institutions for repurchase financing. According to the aforementioned expert analysis, the 200 billion yuan quota applied for by the institution is essentially a credit from the central bank. It is a potential incremental capital. The institution does not use it up all at once; it will continue to bring incremental capital to the capital market.