A · Important
[Central Bank: The stock repurchase and holding re-lending policy has been changed from a phased arrangement to a long-term institutional arrangement, and the re-lending interest rate has been reduced from 1.25% to 1%] 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. 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 full 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.
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