Securities firms' swap facility position-building continues apace; third batch larger in overall scale with more participating institutions

Recently, with the implementation of the third batch of swap facility operations, more than ten securities firms have announced the completion of stock purchases, and the relevant underlying assets have attracted considerable market attention. Among them, Guolian Minsheng Securities announced a few days ago that it had completed swap facility operations, with purchased underlying assets covering securities listed on the Shanghai, Shenzhen, and Beijing stock exchanges, taking into account investment opportunities across various boards and enriching its portfolio structure. A reporter from Securities Times learned from sources in securities firms' proprietary trading business that the comprehensive costs for securities firms participating in the third batch of swap facility operations have declined, with stronger willingness to participate and a faster pace of position building. The purchased underlying assets this time are mainly high-dividend assets and broad-based ETFs, while securities firms will also appropriately allocate growth stocks in light of their own investment preferences. It is worth noting that compared with the previous two batches, the third batch of swap facilities is larger in overall scale and involves more participating institutions.