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China’s Central Bank Will Conduct Swap Operation as Applications Exceed 100 Billion Yuan
Applications from 31 securities and fund companies exceed 100 billion yuan. The operation will run for one year and may be extended.

The People’s Bank of China (PBOC) will conduct a swap operation for securities, fund and insurance companies on Tuesday, Nov. 3. The operation is intended to support stable development in China’s capital markets.
Applications from 31 securities and fund companies exceed 100 billion yuan. The operation will have a one-year term and may be extended depending on circumstances.