1st LD-Writethru: China's central bank launches swap facility to bolster capital market

BEIJING, Oct. 18 (Xinhua) -- China's central bank on Friday launched the Securities, Funds and Insurance companies Swap Facility (SFISF), with the first batch of application quota exceeding 200 billion yuan (about 28.1 billion U.S. dollars).

The People's Bank of China announced the decision to set up the SFISF in a statement last week, as part of efforts to support the healthy and stable development of the capit