China's financial regulator - China Securities Regulatory Commission - has approved a second batch of long-term stock investment pilot programs worth 52 billion yuan ($7.25 billion).
Major insurers, including China Pacific Life, Taikang Life, and Sunshine Life, along with asset management firms, will participate through contractual funds. The initiative aims to enhance market stability by leveraging long-term and patient capital. This follows a newly announced plan last week by Chinese financial authorities to encourage medium- and long-term investment in the stock market to support stable performance.Info via Xinhua on Sunday, China time.
Read More Details
Finally We wish PressBee provided you with enough information of ( China's CSRC approves $7.25B stock investment pilot programs for insurers & asset managers )
Also on site :
- Country 'MVP' Refunds Entire Audience Mid-Concert and Fans 'Cannot Believe He Did That'
- With Property Seized and Federal Funding Uncertain, Montana Asbestos Clinic Fights for Its Life
- Trump fija nuevo plazo de negociación de dos semanas y desencadena esfuerzo urgente por reanudar las conversaciones con Irán