xi's moments
Home | Macro

Insurance firms, mutual funds to boost A-share investments

By Zhou Lanxu | chinadaily.com.cn | Updated: 2025-01-23 10:21

[Photo/VCG]

Mutual funds and State-owned insurance companies will increase their holdings in the A-share market starting this year, said Wu Qing, chairman of the China Securities Regulatory Commission.

Wu said at a news conference on Thursday that the implementation plan for promoting the entry of medium and long-term capital into the stock market, unveiled on Wednesday, has specified that mutual funds will increase their holdings of free-float A shares by at least 10 percent each year over the coming three years.

The plan also called for large State-owned commercial insurance companies to allocate 30 percent of their annual new premiums to A-share investments starting 2025, Wu said.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349