On December 31st, the People's Bank of China announced the launch of the second securities, fund and insurance company swap facilitation operation. On October 18th this year, the People's Bank of China launched the first swap facilitation operation, with a scale of 50 billion yuan. By the end of the year, the above 50 billion yuan had been basically used up, and the market responded well. It is understood that 20 securities and fund companies participated in the first operation. The second operation will also add a number of securities, fund companies and 5 top insurance institutions. It is expected that the second operation will be no less than 50 billion yuan.