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GF SEC to Actively Participate in 1st Batch of Swap Facility Operations; CITIC SEC Reports Quota of ~RMB10B
Recommend 9 Positive 15 Negative 11 |
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The People's Bank of China (PBOC) and the China Securities Regulatory Commission (CSRC) jointly issued the “Notice on the Work Related to the Securities, Funds and Insurance Companies Swap Facility (SFISF)”, clarifying business processes, operational elements, and the rights and obligations of both parties involved in the swap facility operations. It is reported that GF SEC (01776.HK) has received the relevant notice, and will promptly implement the requirements of the notice and actively participate in the first batch of swap facility business operations. E Fund, China Asset Management, CICC (03908.HK) and CITIC SEC (06030.HK) were authorized to participate in the swap facility operations, another sources said. Of which, CITIC SEC reported a quota of about RMB10 billion. AAStocks Financial News |
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