China's CSRC approves $7.25B inventory funding pilot applications for insurers & asset managers

China’s monetary regulator – China Securities Regulatory Fee – has permitted a second batch of long-term inventory funding pilot applications value 52 billion yuan ($7.25 billion).

• Main insurers, together with China Pacific Life, Taikang Life, and Sunshine Life, together with asset administration companies, will take part via contractual funds.
• The initiative goals to reinforce market stability by leveraging long-term and affected person capital.
• This follows a newly introduced plan final week by Chinese language monetary authorities to encourage medium- and long-term funding within the inventory market to assist secure efficiency.

Information through Xinhua on Sunday, China time.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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