China’s financial regulators on Thursday unveiled a slew of measures to urge large state-owned mutual funds and insurers to purchase more A-shares.
BEIJING -- China's public offering fund sector has maintained a stable development trend in recent years, with further measures set to boost the development of this sector in 2025, an official said at a press conference on Thursday.
China announced plans on Thursday to channel hundreds of billions of yuan of investment from state-owned insurers into shares as part of the government's latest efforts to support a struggling stock market.
Chinese stocks saw an early trading surge following Beijing's initiative encouraging insurance funds to invest in mainland shares. The new plan, backed by six financial regulators, is set to introduce billions in capital annually,
China announced plans on Thursday to channel hundreds of billions of yuan annually into shares from state-owned insurers, in the country's latest
State-owned insurers and mutual funds are expected to play a pivotal role in the process, the China Securities Regulatory Commission and the Ministry of Finance said in a press briefing.
BEIJING, Jan. 13 (Xinhua) -- The China Securities Regulatory Commission (CSRC) said Monday that it will make every effort to sustain the stable recovery of the securities market, as it outlined key priorities for 2025.
The blue-chip CSI300 index was up 0.2% and the Shanghai Composite Index climbed 0.5% at the close, giving up most of its early gains. Insurance firms, banks and broader financial sector outperformed, rising 3.5%, 2.3% and 1.9%, respectively. China announced further measures on Wednesday to bolster its stock market.
Chinese shares ended higher, supported by the country's securities regulator's pledge to stabilize the market. The China Securities Regulatory Commission Monday said it will work with the PBOC to enha
U.S. President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of not providing banking services to conservatives, echoing Republican complaints about the industry.
China's financial regulators are channelling pension and insurance funds into the nation's equities to establish medium and long-term holdings and stabilise Asia's largest capital market. Starting this year,
BANGKOK (AP) — The Chinese government plans to ensure that share prices will rise by ordering pensions and mutual funds to invest more in domestic stocks, to help jolt the markets out of the doldrums.