China’s plan to draw long-term capital into its stock market, as a stabilising measure amid escalating tensions with the US, could drive net inflows from insurers, mutual funds and social-security funds to 1.7 trillion yuan (US$236.2 billion) this year, according to UBS. Insurance funds’ allocations to Chinese equities could rise steadily amid falling bond yields,…
BEIJING (Reuters) – China said on Wednesday it will guide big state insurers and commercial insurance funds to increase investments in the A-share market, in a latest move to boost its lagging stock market. Under a plan jointly released by six financial regulators including the securities regulator, big state-owned insurance companies will be directed to…
Hong Kong’s government has outlined its first guidelines on the “responsible” use of artificial intelligence (AI) during FinTech Week, as regulators strive to get ahead of the curve of a technological revolution that will almost certainly disrupt banking and financial services. Banks, brokers, asset managers and any other financial institution that want to use AI…