Repost: Heard from Goldman Sachs trading desk that it's crazy, European and American funds that haven't traded China for a year are rushing in

[Pan Gongsheng: The first phase of the securities, funds and insurance companies swap facility has a scale of 500 billion yuan, and the funds obtained can only be used to invest in the stock market] Caixin, September 24 - People's Bank of China Governor Pan Gongsheng said that the central bank has created structural monetary policy tools to support the capital market for the first time. One of them is the securities, funds and insurance companies swap facility, which supports eligible securities, funds and insurance companies to use their own bonds, stock ETFs, and CSI 300 constituent stocks as collateral to exchange for high-liquidity assets such as government bonds and central bank bills from the central bank. This policy will significantly improve the ability of relevant institutions to obtain funds and increase their stock holdings. The funds obtained by institutions through this tool can only be used to invest in the stock market. Pan Gongsheng revealed that the first phase of the swap facility operation scale is 500 billion yuan, and the scale can be expanded in the future if needed. "I told (CSRC) Chairman Wu Qing that as long as this is done well, we can add another 500 billion yuan in the future, or a third 500 billion yuan. We are open to it," he said.

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