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:
Measures include
strengthening asset allocation, easing entry for long-term funds, attracting foreign investments via ETFs lower index fund feesexempt market-making feesLast week moves announced included:
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. Read More Details
Finally We wish PressBee provided you with enough information of ( On Sunday China announced new measures to boost equity index investment products )
Also on site :
- Greece probes Azerbaijani arrested for espionage for links to Iran
- Music Icon's Rarely Seen Daughter, 77, Photographed in Los Angeles
- Shipping giant Maersk divests from companies linked to Israeli settlements