Multiple Brokerages Win Bids in Third Swap Facility Round, With Tens of Billions in Funds to Be Used to Increase Holdings of Stocks and Stock ETFs

On the day the 100 billion yuan swap facility quota was launched, brokerages were quick to reveal their respective allocations. On November 3, the People's Bank of China conducted its third Securities, Fund and Insurance Company Swap Facility (SFISF) operation, with a total of 100 billion yuan. Thirty-one securities and fund companies participated in the bidding, with a winning rate of 10bp. After the announcement, Guotai Haitong and CITIC Securities each disclosed winning bids of 10 billion yuan, Soochow Securities won 5 billion yuan, and Guotou Securities won 6 billion yuan. GF Securities, Orient Securities, China Merchants Securities, Guosen Securities, Ping An Securities, Changcheng Securities, Guolian Minsheng and Huafu Securities also announced they had won bids. The brokerages that have disclosed their amounts alone total over 34 billion yuan. Notably, several brokerages said the swap facility funds will be used to increase holdings of stocks and stock ETFs. From winning bids to market entry, tens of billions in capital are already on the way. (财联社)