On January 2, the People’s Bank of China and the China Securities Regulatory Commission respectively issued statements on December 31, 2024, regarding the second round of securities, fund, and insurance company swap facilitation operations, releasing a new signal to maintain the stability of the capital market. The recently held (expanded) meeting of the Party Committee of the China Securities Regulatory Commission (CSRC) clarified the need to accelerate the implementation of incremental policies, continue to make good use of stabilizing monetary policy tools, strengthen and improve market expectation management, focus on stabilizing funds, leverage, and expectations, and effectively maintain the stability of the capital market. Industry insiders expect that by focusing on the “three stabilizations”, the capital market reform will be further comprehensively deepened in 2025, including a series of reforms such as comprehensive investment and financing reform and improving regulatory efficiency, which are expected to accelerate. (China Securities Journal)
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