China's central bank to launch swap facility SFISF for capital market development
2024-10-10 Ecns.cn Editor:Zhang Dongfang
(ECNS) -- China's central bank, the People's Bank of China, announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF) for "the healthy and stable development of the capital market."
The initial scale of the swap facility is 500 billion yuan (about $71 billion), it said.