AsianFin--Following an announcement by the People's Bank of China on October 10, a new program named "Securities, Fund, and Insurance Company Swap Facilitation" (SFISF) has been established, allowing qualified securities, fund, and insurance companies to apply.

CITIC Securities and China International Capital Corporation (CICC) have already submitted their applications, with CITIC reporting an amount of approximately 10 billion yuan.

Notably, among securities firms, only CITIC Securities and CICC have obtained the first-level dealer qualification for the central bank's open market operations.