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PBOC Operates SFISF for 1st Time, Involving RMB50B
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In order to better leverage the role of securities and fund institutions in stabilizing the market, the People's Bank of China (PBOC) launched the first operation of the Securities, Funds and Insurance Companies Swap Facility (SFISF), according to the PBOC. The operation amount was RMB50 billion. The PBOC adopted the expense ratio bidding with 20 institutions participating and the highest/ lowest bidding rate being 50 bps and 10 bps, and the winning bidding rate being 20 bps. AAStocks Financial News |
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