On Sunday China announced new measures to boost equity index investment products ...Middle East

In a weekend announcement China is promoting index investments to boost the struggling stock market amid the country's economic challenges.

The China Securities Regulatory Commission posted a statement on its website on Sunday. In brief:

CSRC aims for a significant increase in index fund scale and proportion over time.

Measures include

strengthening asset allocation, easing entry for long-term funds, attracting foreign investments via ETFs lower index fund feesexempt market-making fees

mutual funds to raise equity holdings by 10% annually for three yearsstate-owned insurers to invest 30% of new premiums from 2025

***

Separately over the weekend, China Banking and Insurance News reported on Sunday that China approves ¥52B ($7.2B) for insurers’ long-term equity investments.

This article was written by Eamonn Sheridan at www.forexlive.com.

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