This morning the PBOC and CSRC held talks with brokerages and fund managers.
Participants said the PBOC will launch the third tender of its
securities–funds–insurers swap facility tomorrow. More than 30 institutions have
applied, indicating strong demand. Attendees said the swap facility is a useful
tool to support the capital market; brokerages and funds intend to use the
facility actively and, if allocations succeed, will promptly channel the
incremental funds into the capital market.
