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 feesmutual funds to raise equity holdings by 10% annually for three yearsstate-owned insurers to invest 30% of new premiums from 2025
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Separately over the weekend, China Banking and Insurance News reported on Sunday that China approves ¥52B ($7.2B) for insurers’ long-term equity investments.
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