Recently, the China Securities Regulatory Commission announced that the People's Bank of China has established the Securities, Fund, and Insurance Company Interchange Facility (SFISF). To ensure the smooth operation of the tools, the China Securities Regulatory Commission has approved 20 companies including CSC, CICC, Guotai Junan Securities, Huatai Securities, Shenwan Hongyuan, GF Securities, Caitong Securities, Everbright Securities, Zhongtai Securities, Zheshang Securities, Guosen Securities, Dongfang Securities, Galaxy Securities, CMB Securities, East Money Securities, CSC, Industrial Securities, Huaxia Fund, E Fund Management, and Jiashi Fund to carry out the interchange facility operations. The China Securities Regulatory Commission has requested relevant institutions to strengthen compliance and risk control management, actively cooperate to carry out this business, and play a positive role in maintaining the stable operation of the market.
CSC Securities stated that it will actively participate in the related work of the interchange facility. On October 18th, CSC Securities received a joint notice from the People's Bank of China Office and the China Securities Regulatory Commission Office regarding the interchange facility related work. The company will actively respond to the central government's call to &#34;boost the capital market,&#34; strictly implement the requirements of the notice, make overall business planning, actively participate in the related work of the interchange facility, and contribute to the healthy and stable development of the capital market.
GF Securities stated that on October 18th, the People's Bank of China and the China Securities Regulatory Commission jointly issued a notice regarding the interchange facility (SFISF) related work, clarifying the business processes, operational elements, rights and obligations of the parties involved in the interchange facility operations. GF Securities has received the relevant notice and will promptly implement the requirements of the notice, actively participate in the initial batch of interchange facility business operations.
CICC stated that it is actively applying to participate in the interchange facility business operations. The interchange facility business among securities, funds, and insurance companies is a significant innovation tool introduced by the People's Bank of China for the first time, which is of great significance for the long-term stable development of the capital market. As a primary market maker in the open market, CICC has received a joint notice from the People's Bank of China Office and the China Securities Regulatory Commission Office on October 18th regarding the interchange facility related work. The company will resolutely implement the central government's deployment, promptly carry out various safeguard work, and actively apply to participate in the initial batch of interchange facility business operations.
Huaxia Fund stated that the establishment of the Securities, Fund, and Insurance Company Interchange Facility (SFISF) marks the landing of the first monetary policy tool in China to support the capital market. The interchange financing is limited to the stock market investment, which is conducive to better play the stabilizing role of securities, funds, and insurance companies in the market. Eligible companies can obtain liquidity from the central bank through asset pledging, injecting more incremental funds into the market, boosting market expectations, enhancing the resilience of the capital market, and maintaining market stability. Huaxia Fund is optimistic about the future development of the Chinese economy and capital market, will carefully prepare, actively participate in the interchange facility operations among securities, funds, and insurance companies, make good use of the new tools, and support the stable development of the capital market

601066

06066

601995

03908

000776

01776

The China Securities Regulatory Commission (CSRC) has approved the first batch of 20 securities firms and fund companies to participate in the Securities, Funds, and Insurance Companies Interconnection Facilitation (SFISF) operation, with total applications exceeding RMB 200 billion. CSC, GF Securities, CICC, and others have expressed their active participation, responding to the central government's call to boost the capital market, ensuring compliance with risk management, and supporting stable market development

- The China Securities Regulatory Commission announced the establishment of the Securities, Fund, and Insurance Company Swap Facility (SFISF) to enhance market stability.  
- Twenty companies, including CITIC Securities and GF Securities, have been approved to participate in this initiative, which aims to provide liquidity through asset pledges.  
- This marks a significant innovation in China's capital market, expected to inject funds and bolster market resilience, aligning with the central government's goal to invigorate the capital market.

The first batch of SFISF list is released, top securities firms and funds have expressed their active participation