TREE NEWS update: Guosen Securities won a bid in the People’s Bank of China’s latest Securities, Funds and Insurance Companies Swap Facility (SFISF) operation. Since the tool’s creation in October 2024, the brokerage has participated in all three batches, with funds from the first two used for long-term A-share allocation and stock market-making services. The firm said it will continue to deploy the facility to support stable capital market development.
Guosen Securities Wins New SFISF Operation, Participates in All Three Batches
Guosen's participation in every SFISF batch since the facility's October 2024 creation makes it a useful bellwether for how brokers are actually using a tool designed to channel institutional liquidity into equities. The disclosed uses — long-term A-share allocation and market-making — point to balance-sheet deployment rather than short-term trading, which matters for anyone tracking whether such facilities deepen genuine demand. The open question is whether other brokers follow with comparable continuity across future operations, and whether the disclosed uses stay consistent as the facility matures.
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