The reporter learned that the Securities Regulatory Commission has issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to 20 brokerage firms and fund companies. The notice requires that when securities companies participate in the investment of financing funds related to the swap facilitation, they should carry out their own investments and market trading through special accounts registered with the stock exchange in accordance with the principle of “dedicated closed management of earmarked funds” to ensure that capital investment meets policy requirements. The relevant financing funds can be partially used to hedge against the market risk of investment in the direction of exchange facilitation. In principle, they must not exceed 10% of the size of the financing capital.

The reporter learned that the Securities Regulatory Commission has issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to 20 brokerage firms and fund companies. The notice requires that when securities companies participate in the investment of financing funds related to the swap facilitation, they should carry out their own investments and market trading through special accounts registered with the stock exchange in accordance with the principle of “dedicated closed management of earmarked funds” to ensure that capital investment meets policy requirements. The relevant financing funds can be partially used to hedge against the market risk of investment in the direction of exchange facilitation. In principle, they must not exceed 10% of the size of the financing capital.