Chinese language official says 100s of bns of yuan to circulate into shares yearly from pensions

The announcement is right here from earlier:

• China to spice up long-term funds for fairness markets

Press convention now.

The top of China’s securities regulator (Chairman of the CSRC Wu Qing) says

• there can be not less than a whole lot of billions of yuan in new long-term capital for A-shares yearly from state-owned insurance coverage corporations.
• A pilot scheme permitting insurers to purchase shares can be applied within the first half of 2025, with an preliminary scale of not less than 100 billion yuan.

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



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