China is guiding local mutual funds and insurers to boost investments into stocks in the government’s latest initiative to shore up its ailing equity market.
Mutual funds should raise their holdings of onshore equities by at least 10% annually for the next three years, while large state-owned insurers will need to invest 30% of their new policy premiums from 2025, Wu Qing, chairman of the China Securities Regulatory Commission, said at a press conference on Thursday.
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