A-share 500 billion yuan "leverage" officially implemented! Specific details emerge, with an initial scale of 200 billion yuan, a pledge rate not exceeding 90%, a replenishment line not lower than 75%, involving 17 securities firms and 3 fund companies

The RMB 500 billion convenient swap facility for A-shares has officially launched, with the first batch of RMB 200 billion allocated to 17 securities companies and 3 fund companies. The pledge rate does not exceed 90%, and the replenishment line is not lower than 75%. The central bank determines the swap rate through open bidding, and the funds can only be used for capital market investments