Agricultural Bank of China launches the first batch of Securities, Funds and Insurance Company Interchange Facility (SFISF) bond repurchase transactions
Agricultural Bank is fully committed to implementing the decisions and directives of the central government, actively responding to the People’s Bank of China’s innovative monetary policy tools to support the capital market—specifically the Securities, Funds, and Insurance companies Swap Facility (referred to as “SFISF”). On October 22, the Agricultural Bank became one of the first three banks in the entire market to successfully execute a bond repurchase agreement involving the pledged swapping of central bank notes with leading brokerages.
The SFISF is the first monetary policy tool launched by the central bank specifically aimed at supporting the capital market. It provides a mechanism for eligible non-banking institutions to secure high liquidity assets such as government bonds and central bank notes by pledging bonds and stocks as collateral. This initiative is designed to enhance the role of non-banking institutions in stabilizing the capital market.
Moving forward, the Agricultural Bank will continue to offer financial support to securities, fund, and insurance companies participating in the SFISF. The bank is dedicated to fulfilling its mission as a key player in serving the real economy and maintaining financial stability, thereby contributing to the steady development of the capital market and supporting high-quality financial growth.
