China tells insurers and mutual funds to buy more stocks
Regulators, including PBoC, provide new instructions to boost domestic equities market
China’s largest regulators have called for mutual funds and state insurers to invest more in domestic stock markets.
On January 22, a group of six financial regulators, including the People’s Bank of China, announced a plan to direct investment into ‘A-shares’, or renminbi-denominated stocks traded on mainland Chinese exchanges.
The other regulators were the Ministry of Finance, the Ministry of Human Resources and Social Security, the Central Financial Commission, the China Securities Regulatory
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