[The People's Bank of China, the State Administration of Financial Supervision, and the China Securities Regulatory Commission held a symposium on two tools to support the capital market] On November 2, the People's Bank of China, together with the State Administration of Financial Supervision, the China Securities Regulatory Commission and other departments, held a symposium on swap facilities for securities, funds, and insurance companies, and a symposium on stock repurchases, holdings, and re-loans to listen to the business progress and opinions and suggestions of financial institutions, study and deploy relevant work on the full use of policy tools, and support the healthy and stable development of the capital market. Zou Lan, Deputy Governor of the People's Bank of China, Lin Lin, Deputy Director of the State Administration of Financial Supervision, and Liu Haoling, Vice Chairman of the China Securities Regulatory Commission attended the meeting and delivered speeches. The meeting believed that since the launch of the two tools to support the capital market in October 2024, the swap facilities for securities, funds, and insurance companies have been extended many times, with the current balance of 105 billion yuan, giving full play to the professional investment capabilities and driving effects of industry institutions; with policy support, the contract amount of stock repurchase and holding increase loans is approximately 440 billion yuan, and the cumulative amount issued exceeds 280 billion yuan, meeting the financing needs of listed companies' market value management. The inherent market stabilizing mechanisms of the two tools have gradually emerged, and the awareness and ability of industry institutions to stabilize the market and the market value management of listed companies have continued to improve. The meeting proposed that in order to maintain the stability of the capital market and enhance market resilience and confidence, the People's Bank of China, the State Administration of Financial Supervision, and the China Securities Regulatory Commission will continue to strengthen policy support, further optimize policy elements and implementation details, and encourage financial institutions to make good use of policy tools. Carry out convenient swap operations for securities, funds, and insurance companies in a timely manner, further increase the number of participating institutions, appropriately reduce swap rates, and optimize pledge and operation models. The policy of stock repurchase, holdings and re-lending has been changed from a phased arrangement to a long-term institutional arrangement, and the re-loan interest rate has been reduced from 1.25% to 1%; financial institutions adhere to the principle of market-based pricing, reasonably add points to the re-loan interest rate and increase loan disbursement. 23 securities and fund companies and 26 banks attended the meeting. Representatives from CICC, Cathay Haitong Securities, CITIC Securities, E Fund, as well as Industrial and Commercial Bank of China, China Construction Bank, China CITIC Bank, Industrial Bank and other institutions spoke. Responsible comrades from relevant departments and bureaus of the People's Bank of China, the State Administration of Financial Supervision, the China Securities Regulatory Commission, and the State-owned Assets Supervision and Administration Commission of the State Council attended the meeting.