The British government on Monday launched a club of 20 of the country’s largest pension funds in an effort to drum up more coordinated backing for local infrastructure and businesses, part of a wider drive to stimulate private investment and speed up economic growth. The ‘Sterling 20’ initiative includes money managers Legal & General, Aviva…
By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Wall Street rose to new highs on Monday, lifting global stocks to fresh peaks in the process as investors cheered the latest multi-billion-dollar agreement – one of the biggest – in the booming U.S….
US President Donald Trump’s senseless trade war has sparked a sell-off that wiped trillions of dollars off global bourses and led to concern the global economy would tip into recession. Mainland China and Hong Kong stock markets have received welcome support from Beijing’s sovereign wealth fund to soothe rattled investors who saw their net worth…
China’s financial regulators are channelling pension and insurance funds into the nation’s equities to establish medium and long-term holdings and stabilise Asia’s largest capital market. Starting this year, 30 per cent of the annual insurance premium earned from new coverage policies will be put into yuan-denominated A shares, said Wu Qing, the chairman of the…
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…