The central bank will conduct swap facility operations on November 3, with an application limit exceeding 100 billion yuan

The People's Bank of China Open Market Operations Office announced that to support the healthy and stable development of the capital market, the People's Bank of China will conduct securities, fund, and insurance company swap convenience operations on November 3, with a swap term of 1 year, which may be extended as needed.

Currently, 31 securities and fund companies have reported their demand, with requested amounts exceeding 100 billion yuan.