CSC Financial Applies for SFISF Operations, Says Three Factors Could Drive A-Share Rebound from Bottom

CSC Financial is actively applying for the third batch of Securities, Fund and Insurance Company Swap Facility (SFISF) operations. The firm said it firmly believes in the long-term development of China's capital markets and will earnestly play its role as a "vanguard" of the capital market and a "ballast" for institutional investors, helping to support the healthy and stable development of the capital markets. On November 3, CSC Financial Chief Economist Huang Wentao also issued a market commentary saying that A-shares have continued to fluctuate and adjust recently and have now entered a bottom zone. Three factors could drive a rebound from the bottom, including regulators working together to stabilize market confidence, highlights of third-quarter earnings gradually emerging, and a marked increase in the valuation appeal of some sectors. (Securities Times)