Huatai Securities Completes Third SFISF Repo Financing and Stock Purchases

Cointime update: Huatai Securities has completed repurchase financing and stock purchases under its third batch of the Securities, Funds and Insurance Companies Swap Facility (SFISF). The brokerage said it remains firmly optimistic about China’s long-term economic prospects and the long-term investment value of its capital markets. It plans to use the swap facility funds to increase allocations to A-share stocks and stock ETFs, aiming to bolster long-term investment in the market.