China's central bank to conduct 3rd SFISF operation on Tuesday

BEIJING, Nov. 2 (Xinhua) -- China's central bank said Monday that it will conduct the third operation of the Securities, Funds and Insurance companies Swap Facility (SFISF) on Tuesday to support the healthy and stable development of the country's capital market.

Photo shows the headquarters of the People's Bank of China. (Photo: Xinhua)

The operation will have a swap term of one year, with the possibility of extension depending on circumstances, according to an announcement by the People's Bank of China.

A total of 31 securities and fund companies have submitted applications for the facility, with the amount requested exceeding 100 billion yuan (about 14.89 billion U.S. dollars), the announcement said.