The China central bank has announced it will accept applications for its swap facility today. The scheme was announced back on Sep 24 and is designed to help stabilize development of the stock market. The size of the facility will initially be CNY 500bn, but may grow in size. 

• Bloomberg notes: "The facility is to support eligible brokerages, funds, and insurance firms to use bonds, stock ETFs, CSI 300 constituent shares and other assets as collateral in exchange for high-grade liquid assets such as treasury bonds and central bank bills from PBOC."