The People's Bank of China (PBOC) has initiated its first operation under the newly established Securities, Funds and Insurance Companies Swap Facility (SFISF) to enhance liquidity in the stock market. This operation, conducted on October 22, 2024, involved a total amount of 50 billion yuan (approximately $7.04 billion). Twenty financial institutions participated in this initiative, which is expected to facilitate market-making activities, particularly in large-cap and high-dividend stocks. Notably, Guotai Junan Securities has already completed a pledged operation and plans to use borrowed funds from the SFISF for stock purchases within the week. Following the PBOC's liquidity injection, China's 30-year bond futures experienced a 0.3% increase, reflecting positive market sentiment.