2nd LD-Writethru: China launches first monetary policy tool to support capital market

BEIJING, Oct. 10 (Xinhua) -- China's central bank announced Thursday that it has decided to set up Securities, Funds and Insurance companies Swap Facility (SFISF), with the initial scale of 500 billion yuan (about 71 billion U.S. dollars) for "the healthy and stable development of the capital market."

The SFISF, which is the first monetary policy tool created by China to support the capital market, will allow el