日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

share
 

China launches first monetary policy tool to support capital market

0 Comment(s)Print E-mail Xinhua, October 10, 2024
Adjust font size:

China's central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for "the healthy and stable development of the capital market."

The SFISF, which is the first monetary policy tool created by China to support the capital market, will allow eligible securities, funds and insurance companies to use their assets including bonds, stock ETFs and holdings in constituents of the CSI 300 Index as collateral in exchange for highly liquid assets such as treasury bonds and central bank bills, the People's Bank of China said in a statement.

The tool can greatly improve the ability of relevant institutions to obtain funds and invest in stock, said Tian Liang, an analyst at CITIC Securities.

The scale of the SFISF could be expanded depending on the development of the situation, according to the central bank.

The SFISF will promote medium and long-term capital investment and enhance the internal stability of the market, said Dong Ximiao, chief researcher at the Merchants Union Consumer Finance Company Limited.

Starting Thursday, applications from eligible securities, funds and insurance companies will be accepted.

As a long-term institutional arrangement, the SFISF is conducive to enhancing the resilience of China's capital market and curbing herd behavior and other pro-cyclical actions, thus helping maintain market stability, authoritative sources were quoted by Xinhua's financial newspaper, China Securities Journal, as saying.

The new tool does not indicate quantitative easing, but can boost the participation of non-bank institutions, enhance market liquidity, improve the transmission efficiency of monetary policy in the capital market, and promote the sound, steady development of the capital market, said Yu Lifeng, an analyst at Golden Credit Rating.

The SFISF is an asset swap and will not expand the scale of base currency issuance, said Xu Zhong, deputy head of the National Association of Financial Market Institutional Investors.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 河东区| 酒泉市| 全南县| 天津市| 东辽县| 抚宁县| 榆中县| 台湾省| 万载县| 洛阳市| 永顺县| 额尔古纳市| 修武县| 南澳县| 黑山县| 芜湖市| 岚皋县| 丁青县| 静乐县| 岗巴县| 巴楚县| 开远市| 罗甸县| 漯河市| 女性| 商城县| 延安市| 金乡县| 通城县| 青铜峡市| 东乌珠穆沁旗| 安远县| 昌邑市| 开化县| 合江县| 赣榆县| 中阳县| 濉溪县| 连江县| 从江县| 松阳县|