Six leading brokerages — China International Capital Co, Guotai Haitong
Securities, CITIC Securities, Galaxy Securities, China Merchants Securities and
Orient Securities — completed the third batch of securities-fund-insurer swap
facility operations on Nov. 6. Firms reported conducting repo financing as part
of the program, executing initial equity purchases, and said they will continue
to deploy proceeds to further increase holdings of A-shares and equity ETFs.
