Reported about 13 hours ago
China is urging its local mutual funds and insurance companies to increase stock investments as part of an initiative to support its struggling equity market amid rising tariff threats. The China Securities Regulatory Commission announced that mutual funds should increase their onshore equity holdings by at least 10% annually for the next three years, while large state-owned insurers are expected to invest 30% of new policy premiums from 2025. This policy aims to stabilize the market rather than provide a significant boost, amidst ongoing economic concerns and trade tensions.
Source: YAHOO