The People's Bank of China announced on November 2 that it will launch a convenient exchange operation for securities, funds, and insurance companies on November 3. The exchange period is 1 year, and it can be extended depending on circumstances. This is the third operation since the tool was created. Currently, 31 securities and fund companies have filing requirements, and the application amount exceeds 100 billion yuan. The tool was created in October 2024. Previously, two operations were carried out in October and January 2025, with a cumulative amount of 105 billion yuan. According to industry insiders, the steady development of convenient swap operations will be more conducive to revitalizing assets, coordinating liquidity between different markets such as the stock market and bond market, continuously bringing “living water” to the capital market, and enhancing the long-term nature of investment behavior and internal stability of the market.

The People's Bank of China announced on November 2 that it will launch a convenient exchange operation for securities, funds, and insurance companies on November 3. The exchange period is 1 year, and it can be extended depending on circumstances. This is the third operation since the tool was created. Currently, 31 securities and fund companies have filing requirements, and the application amount exceeds 100 billion yuan. The tool was created in October 2024. Previously, two operations were carried out in October and January 2025, with a cumulative amount of 105 billion yuan. According to industry insiders, the steady development of convenient swap operations will be more conducive to revitalizing assets, coordinating liquidity between different markets such as the stock market and bond market, continuously bringing “living water” to the capital market, and enhancing the long-term nature of investment behavior and internal stability of the market.