---
title: "The second \"swap convenience\" has arrived! Multiple securities firms have been newly approved, expected to leverage over 100 billion in new funds into the market"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/223725611.md"
description: "The second \"swap convenience\" operation is about to begin, with the central bank and the China Securities Regulatory Commission selecting 20 additional participating institutions, expected to leverage over 100 billion in new funds into the market. This operation aims to enhance asset liquidity, and following the first operation in September 2024, market capital inflow is expected to accelerate"
datetime: "2025-01-01T13:17:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223725611.md)
  - [en](https://longbridge.com/en/news/223725611.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223725611.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/223725611.md) | [English](https://longbridge.com/en/news/223725611.md)


# The second "swap convenience" has arrived! Multiple securities firms have been newly approved, expected to leverage over 100 billion in new funds into the market

The second round of swap facilities between securities, funds, and insurance companies is set to unfold. On December 31, 2024, the central bank announced that it would soon carry out the second "swap facility" operation. On the same day, the China Securities Regulatory Commission issued a statement indicating that, based on the initial 20 participating institutions, an additional 20 institutions were selected according to classification evaluation, compliance, and risk control conditions. Looking back, on September 24, 2024, the central bank governor Pan Gongsheng announced the establishment of the "swap facility," and the first operation was quickly implemented with an amount of 50 billion yuan. Industry insiders stated that the central bank and the China Securities Regulatory Commission's second operation would further expand the group of participating institutions, enhancing asset liquidity. With the influx of related funds into the market, more incremental funds are also expected to flow into the market. From this perspective, it could potentially leverage over 100 billion yuan of new funds entering the market

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