The People’s Bank of China conducted its third Securities, Fund, Insurance Swap
Facility (SFISF) operation, allotting RMB100 billion at a 10bp fee for a
one-year tenor, with extension optional. Everbright Securities won an allocation
and said it will use the quota in compliance with regulations to accelerate
deployment, act as a stabilizing market intermediary, and help improve liquidity
and steady market expectations.