Recently, the People's Bank of China launched the third convenient exchange operation for securities, funds, and insurance companies. The total amount of the operation was 100 billion yuan, and the bid rate was 10 bps. The swap period is 1 year, and it can be extended depending on circumstances. A reporter from China Securities News Agency learned that Everbright Securities successfully won the bid for this swap to facilitate operation. Everbright Securities said that after winning the bid, it will strictly follow the relevant regulatory requirements, make efficient use of the bid amount in compliance, speed up business implementation, and play the role of capital market intermediaries as a “ballast stone” to help improve market liquidity and stabilize market expectations.

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