China will allow an additional 60 billion yuan (US$8.3 billion) from long-term insurance funds to be invested in equities as part of an expanded pilot program aimed at deepening capital market participation. The move is part of Beijing’s broader efforts to shore up financial stability and revive confidence across key sectors.
Li Yunze, head of China’s top financial regulator, announced the measure at a press briefing, adding that authorities are also preparing new initiatives to stabilise the country’s troubled property sector.
The expanded insurance investment scheme is a key pillar of ongoing capital market reforms. Together with anticipated property measures, it reflects a wider policy shift to support economic resilience amid persistent growth and market pressures.
Earlier:
- PBOC Governor Pan says world is full of uncertainties – cuts rates
- PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut
- People’s Bank of China sets 7-day reverse repo rate at 1.4% (from 1.5% previously)
- PBOC governor says will lower interest rates on structural policy tools by 25 bps
-
People’s Bank of China to cut Standing Lending Facility rate by 10bp
More:
- China will help A-share listed companies affected by tariffs to cope with difficulties
- China promises more local stock market support from sovereign fund
This article was written by Eamonn Sheridan at www.forexlive.com.
