Recently, the China Securities Regulatory Commission announced a combination of measures to stabilize the market and expectations, and organized the implementation of the third batch of Securities, Funds, and Insurance Company Swap Facility (SFISF, hereinafter referred to as "Swap Facility") business. Guolian Minsheng Securities actively responded to the call, actively participated and successfully won the bid again in the first time. As a medium to large securities company, it has successfully participated twice in a row, demonstrating the company's determination and perseverance to firmly support and maintain stability.

Swap facility is an innovative monetary policy tool created by the People's Bank of China and the China Securities Regulatory Commission. It aims to support eligible securities, funds and insurance companies to exchange bonds, stock ETFs, Shanghai Shenzhen 300 constituent shares and other assets as collateral into treasury bond bonds, central bank bills and other highly liquid assets, thereby improving the financing capacity of institutions and enhancing market stability. As an important long-term source of funds and stabilizing force in the capital market, the implementation of convenient swaps is of great significance in guiding medium and long-term funds to enter the market, stabilizing market fluctuations, and boosting investor confidence.

Under the policy guidance and strong support of regulatory authorities, Guolian Minsheng Securities obtained the qualification for swap convenience business on December 31, 2024; In January 2025, the first business was successfully launched, stabilizing market expectations through practical actions and achieving good positive effects. With the early mechanism construction and practical accumulation, the company has achieved efficient response in this batch of exchange convenience business. Next, the company will make good use of the convenient tools for exchanging funds and focus on investing in stocks and stock ETFs for market making. This arrangement not only actively implements policy guidance, but also provides more sufficient liquidity support for the capital market, helping to stabilize market expectations and enhance market resilience.

As a financial state-owned enterprise, Guolian Minsheng Securities has always regarded serving the smooth operation of the capital market and the high-quality development of the real economy as an important mission. The company will demonstrate the responsibility of state-owned financial enterprises in serving the stability of the capital market through practical actions by coordinating and utilizing various capital market policy tools, and become a firm defender of capital market stability, becoming a powerful promoter of high-quality development of the real economy.