The People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission Hold Symposium on Two Tools Supporting the Capital Market

Odaily: The People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission held a symposium on the two tools supporting the capital market. The meeting proposed that, in order to maintain capital market stability and enhance market resilience and confidence, the People's Bank of China, the National Financial Regulatory Administration, and the China Securities Regulatory Commission will continue to strengthen policy support, further optimize policy elements and implementation rules, and incentivize financial institutions to make full and effective use of policy tools. Securities, fund, and insurance companies will be provided with swap facility operations at appropriate times, the number of participating institutions will be further increased, swap rates will be appropriately lowered, and pledge and operational models will be optimized. The stock repurchase and increased shareholding relending policy will be shifted from a phased arrangement to a long-term institutional arrangement, and the relending rate will be reduced from 1.25% to 1%; financial institutions will adhere to the principle of market-based pricing, reasonably add margins on the basis of the relending rate, and increase loan disbursement.