Today, one of the central bank's two innovative policy tools, namely the operating rules to facilitate the exchange of securities, funds, and insurance companies, was released, with an initial operating quota of 500 billion dollars. The Securities Times reporter exclusively learned that the swap operation will allow the central bank to determine the swap rate and winning bid results of the SFISF operation through public tenders, implement special quota management for SFISF treasury bonds or swaps of central bank notes, and relax related operating indicators. At the same time, in principle, the pledge rate does not exceed 90%. China Debt Credit Improvement Company carries out market monitoring management, and sets a position replenishment line of not less than 75%.

Today, one of the central bank's two innovative policy tools, namely the operating rules to facilitate the exchange of securities, funds, and insurance companies, was released, with an initial operating quota of 500 billion dollars. The Securities Times reporter exclusively learned that the swap operation will allow the central bank to determine the swap rate and winning bid results of the SFISF operation through public tenders, implement special quota management for SFISF treasury bonds or swaps of central bank notes, and relax related operating indicators. At the same time, in principle, the pledge rate does not exceed 90%. China Debt Credit Improvement Company carries out market monitoring management, and sets a position replenishment line of not less than 75%.