Announcement on SFISF Operations No.1 [2024]

(Open Market Operations Office, October 21, 2024)

In order to better leverage the role of securities firms and fund companies in stabilizing the market, the People's Bank of China has conducted the Securities, Funds and Insurance companies Swap Facility (SFISF) operation for the first time with an allotment amount of RMB50 billion. Twenty institutions participated in the tender. The highest and lowest bid rate was 50 bp and 10 bp, respectively, and the winning rate was 20 bp.