The PBOC on Nov. 3 launched the third batch of the securities–funds–insurance
swap facility (SFISF) to support capital-market stability. SDIC Securities
successfully bid for CNY6 bln of SFISF funding and said it will deploy
central-bank structural monetary tools, coordinating liquidity management with
equity investment to provide long-term stable funding and act as an
institutional market stabilizer for the Chinese capital market.