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<Research>M Stanley: SFISF Initial Feedback Exceeds Forecasts, Boosting Mkt Sentiment; Brokers Expected to Remain Cautious in Deploying Funds in Stock Mkt
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The People's Bank of China (PBOC) launched the "Securities, Funds and Insurance companies Swap Facility" (SFISF), with an initial size of RMB500 billion, Morgan Stanley released a research report saying. The initial response so far seems to be better than expected, with a total of 20 brokers and fund management companies applying for RMB200 billion. Although the policy will help boost market sentiment, brokers are expected to remain cautious in deploying funds into the stock market, Morgan Stanley added. AAStocks Financial News |
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