On the morning of the same day, the financial management department convened separate symposiums for securities companies, fund companies, and commercial banks on further improving exchange facilities for securities, funds, and insurance companies, and stock repurchase and refinancing policy tools. According to participants, the central bank is about to launch the third SFISF operation and will accept institutional declarations starting tomorrow. SFISF supports eligible brokerage firms, funds, and insurance companies to use assets such as bonds, stock ETFs, and Shanghai and Shenzhen 300 constituent stocks as collateral, switch from central banks to high-grade liquid assets such as central bank notes, and use financing in the capital market to better play the role of securities fund institutions in stabilizing the market. Participants believed that the agency's intended application amount and number of applicants all exceeded the previous two batches, indicating that the tool has effectively played a supporting role in stabilizing the capital market and has been widely recognized by brokerage firms, fund companies and other institutions. Participants analyzed that the central bank will further improve the SFISF mechanism, and swap rates are expected to be further reduced.

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