On October 18, the People's Bank of China and the Securities Regulatory Commission jointly issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to clarify business processes, operating elements, and the rights and obligations of the parties involved in the exchange facilitation operation. Currently, there are a total of 20 securities and fund companies approved to participate in the first batch of convenient swaps. A number of brokerage firms said they are actively participating in the work related to the convenience of exchange. According to industry insiders, the creation of convenient swaps is beneficial to stabilizing the capital market, boosting investors' confidence, and increasing market liquidity and trading activity. For non-bank financial institutions participating in convenient exchange operations, this tool is also conducive to increasing their own business volume and enhancing profitability, thereby increasing investment value.

On October 18, the People's Bank of China and the Securities Regulatory Commission jointly issued the “Notice on Accomplishing the Work Related to Facilitating Exchange of Securities, Funds, and Insurance Companies” to clarify business processes, operating elements, and the rights and obligations of the parties involved in the exchange facilitation operation. Currently, there are a total of 20 securities and fund companies approved to participate in the first batch of convenient swaps. A number of brokerage firms said they are actively participating in the work related to the convenience of exchange. According to industry insiders, the creation of convenient swaps is beneficial to stabilizing the capital market, boosting investors' confidence, and increasing market liquidity and trading activity. For non-bank financial institutions participating in convenient exchange operations, this tool is also conducive to increasing their own business volume and enhancing profitability, thereby increasing investment value.