CICC to Take Part in Third Batch of PBOC Swap Facility Operations

TREE NEWS update: CICC said it will actively participate in the third batch of the People’s Bank of China’s swap facility operations, reaffirming its long-term confidence in China’s economy and capital markets. As a primary dealer in the open market, the firm executed the market’s first swap facility trade using central bank bills as collateral in October 2024 and became the first institution to complete the facility’s full transaction process. Its first two batches of swap facility operations ran smoothly.