China's central bank conducts first SFISF operation

BEIJING, Oct. 21 (Xinhua) -- The People's Bank of China (PBOC) has conducted the first operation of the Securities, Funds and Insurance companies Swap Facility (SFISF), aiming to leverage the role of financial institutions better in stabilizing China's capital market, according to the central bank on Monday.

The scale of the operation was 50 billion yuan (about 7.04 billion U.S. dollars).

The move came a